The great debate of buying versus renting is one that has been going on for ages. The fact of the matter is that each option is the better solution for different types of people.
However, if you’re thinking of buying and you reckon this might benefit you and your family, there are a few great reasons to take the lead and never look back.
Here are six reasons you should own your next home.
You’re Buying Security
First of all, when you’re buying a home, you’re buying more than just a property. You’re also purchasing financial, emotional and even physical security. Owning your own home takes away a lot of the uncertainty and risk that comes with renting.
Especially if you’re buying in a good area, you’ll have an extra layer of security. For example, Hamilton real estate is popular for its safety and great outdoors lifestyle.
It’s Something to Be Proud Of
Buying a home is a great achievement too! It’s a milestone that many people dream of and work towards for years and years, and if you’re finally in the position to buy your dream home and settle down, that’s something to be proud of.
This is a purchase that will serve you and your family for years – maybe even generations.
It Can Increase in Value
The property market has its ups and downs, but if you want to resell your home one day, there’s a good chance you’ll be able to make a profit on it if the value has increased by that time.
You can even put in some money and effort to increase the value of your home by investing in useful renovations or even big upgrades like installing solar panels.
You Can Mould It to Fit Your Needs
No more “renter-friendly” DIY projects for you. When you own your own house, you can start looking around online for home renovation ideas that spark your interest.
Whether you remodel your home right away or take things slowly and craft it into your dream house over a few years, the choice is all yours and nobody can stop you from painting those walls green.
Tax Advantages
Buying a home is expensive, but it can have some benefits in the tax department that could save you some money. There are certain tax breaks that homeowners and home-buyers can enjoy, which will make finances a little easier to handle.
Make sure to do some research about this and chat with a financial adviser to figure out what the implications will be.
It’s Something to Leave Behind
Finally, having a home means having something really valuable and really special to leave behind to your children, spouse or whoever is close to you when you go.
More than just money, a home can hold value in other ways – like special memories and sentimental value. Whether your dependants choose to sell the home or raise their own families in it, you can know that you’ve contributed to their futures in a significant way.
