Deciding between renting and owning is a decision that takes much consideration. For instance, you’ll need to determine if you are comfortable with staying in one place for at least 5-10 years and if you have the time to take care of your property.
If you are leaning towards owning your home, you’re probably looking forward to many benefits. Here are just a few of the benefits homeowners enjoy.
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More space. Sharing a building with other tenants reduces the amount of space you have. With your own house, you can have more space and more privacy. Peace and quiet is thrown out the window with renting.
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Ability to customize. You can choose everything from where you want your home to paint color. No landlord approval is required!
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Opportunity to build equity. Over time homes typically increase in value.
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No pet restrictions. Size, breed, and species restrictions don’t matter when you own the space! No more dealing with pet rent or trying to hide Fido in the closet when maintenance team members visit.
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Builds credit. When you pay your mortgage, you are paying interest on a loan which benefits your credit score.
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Tax benefits. Homeowners can deduct mortgage interest and property taxes from income.
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Cheaper payments. Generally, mortgage payments tend to be less costly than rent, and also don’t increase drastically likey they may if you are renter.
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Choose where you live. When building your own home, you get the choice of location. You can choose to build near your work or your child’s school for an easier commute.
Owning a home can give you a profound sense of security and pride. Although homeownership isn’t for everyone, it can be a wise investment and bring you comfort. Talk to one of our New Home Consultants today if you are interested in learning more about the unique benefits of owning a home built by Taylor Homes.
