Still Renting? Why You Should Buy A Home Instead
Have you been wondering if you should buy a home this year? The housing market is hot right now. While the effects of covid-19 are being felt in almost every aspect of life, the housing market is being especially affected. We can’t say whether buying or renting is the best choice for your unique situation, but here are a few reasons buying might be right for you.
You’re purchasing a house that your family will live in and make memories in. You won’t have to worry about your lease ending and moving every year or so. Your kids will have a place to make home that they can count on coming back to.
Mortgage rates are low
There’s no question that buying power is up. If you have the means, buying a home could be a very smart move. There’s a good chance that these prices will rise again soon. If history teaches us anything, it’s that the housing market is unpredictable. If you’ve been thinking about buying a home for awhile, now might be the best time, when interest rates are at an all-time low.
If you’ve ever rented an apartment or home, you probably realize the lack of control you have over the home. It could be something simple like painting the walls or starting a garden, or the fact that the amount you pay will never go up. Once you buy a house, you’ll no longer have a landlord to check in with.
With covid-19, thousands of people have made the switch to working from home. Many people are evaluating what to look for in a home environment. Instead of a small apartment in the city, you may relocate to a rural or suburban area with more green space. If this is on your mind, buying a home is the perfect way to get more space and privacy for the same or less money.
If you decide to stop renting and that you’d like to buy a home, make sure you get help from experts. Contact us so we can help you close fast and find the lowest rates.