Owning a home is a big step that many people put off because they are relatively comfortable in their present housing arrangements. It isn’t until their rent goes up or the number of people in their household changes that they consider owning a home. In truth, owning can often be less expensive than renting. At York Real Estate, we like helping people find the right Austin home to buy. There are many benefits to owning a home. These are just a few.
Buying a home is a good long-term investment. According to the National Association of Realtors, there will be a continued demand for housing over the next 10 years, as the number of US households is expected to increase. The amount of money a home sells for is typically much higher than its original purchase price.
One of the best things about having a home of your own is that you can decorate it any way you want. Most apartments limit the interior room color to white or beige walls and carpeting. Tenants are not allowed to put their own personal stamp on these units. When you have a home of your own, you have the freedom to decorate as you choose, when you choose. You can put holes in the walls to hang artwork and use wallpaper or creative colors at will. Decorating the exterior is also up to you. Plant trees, flowers or a garden at will.
Rental rates usually rise every year or every other year. A mortgage stays the same year after year unless you opt for a change. Use our mortgage calculator to find out how much home you can afford.
Homeowners often qualify for federal and state tax breaks on home improvement projects, property taxes and mortgage loan interest paid.
Putting Down Roots
Owning an Austin home gives you the opportunity to put down some roots and be part of the Austin community. You can get to know your neighbors. Your children can have stability in attending the same schools year after year and make long-time friends with their classmates.
When you’re ready to start looking at Austin homes for sale, contact York Real Estate. We can help you find your dream home.