Why Pay 100% interest! Ready to get off the rental 🎢 ride?

November 10, 2023

Why Pay 100% interest! Ready to get off the rental 🎢 ride?

They say what goes up must come down. But when it comes to rent, the laws of physics don’t seem to apply. 

Yes, there are good reasons to rent your home, depending on your goals and life stage. But if you want to get off the ride and find your forever home, here are some things to consider.

  1. Equity. One of the primary advantages of home ownership is the opportunity to build equity as the property appreciates in value. As you shop for a home, keep in mind that the real estate market is dynamic. Look for value opportunities so you can start realizing appreciation as soon as possible.
  2. Lifestyle. Even though a home can be an excellent investment, you don’t want to buy the wrong home just for the equity. Make sure the home you’re purchasing is suitable for you and your family’s immediate and future needs. A home is a significant investment, and you want to enjoy your purchase for years to come.
  3. Improvements. As you go house hunting, keep an eye out for hidden gems. Remember, unlike renting, home ownership means you can do anything you want to your space. Find a house you love, but wish you could have a bigger kitchen? It’s possible when you own your home. When you build with Goodall Homes, structural options may be selected as well as the opportunity to make design selections with our Design Studio Consultants. 

 Overall, home ownership seems like a pretty good deal. Why would anyone rent? Well, there are a couple of reasons you may opt for a rental.

  1. Location. If you’re not sure how long you may live in the area, renting could be a better deal than buying. There are a number of flexible lease options that make it easier to move if your situation or preference changes. For people who are earlier in their careers, renting may offer the kind of agility you need to take advantage of opportunities wherever they present themselves.
  2. Life Stage. As parents become empty-nesters, they may want to downsize their living situation. Renting may be a good short-term option because it allows some flexibility to experiment. Downsize a bit too much? At the end of the lease, you can make a change. Retirees may decide they want to split their time between two or more locations. Renting can make that arrangement more convenient.

Whenever you’re ready to make the decision to purchase a home, our team is ready to get you the information you need to make the best decision for your family. It’s just one of the ways we make Homebuilding. Simplified.

 

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