6 Advantages of Buying a Brand-New Home

Picture this: you walk up to the front door of your ideal home. The grass in your yard is a vibrant shade of green, carefully potted flowers are blooming on your porch, and you open the door into a home that’s curated to you and your personal style. There are many compelling advantages to owning your own home, and we’re here to tell you why owning may be a better choice for you than renting. Read on! 

1) You Have the Chance to Save Money in the Long Run

While your loan payment may be more than you’d pay in rent at first, you’ll spend less over the life of the loan when you buy! The rental market can be fickle, and you never know when your rent will go up. Also, tax benefits come with owning, so mortgage payments could be less than rent sooner than you’d think. 

2) Take Advantage of the Tax Benefits

Deductions for mortgage interest on your federal income taxes are a major reason many people choose to buy instead of rent. When you consider the tax deductions, you’re actually paying less for your home. 

3) Freedom to Design

You can create a space that is uniquely yours when you buy! Break out the nail and hammer and paint the walls any color—there’s no landlord you have to answer to. Your personality and style can truly shine when you own your own home. 

4) Improve Your Credit Rating

You can improve your credit rating if you make mortgage payments on time. With a higher credit rating, you’re more likely to receive financial opportunities, like getting approved for loans easier. Plus, you could be eligible for higher credit limits and lower interest rates over time. 

5) Put Down Roots in a Neighborhood

A home of your own means a neighborhood you can put roots down in and become a part of. It’s nice to get to know your neighbors, meet new people, and make lasting friendships in your community.  

6) Security and Stability

In reality, renting comes with the risk of your monthly payments increasing. When you own, a fixed-rate home loan assures you the same monthly payments for the entire life of the loan. There’s something to be said about financial peace of mind! 

Thanks for reading! We hope you found these reasons for home ownership helpful. As always, we’re here to pay attention to details, provide a seamless homebuying experience, and build you a quality home you’ll truly love to live in.  

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