5 Reasons To Own Your Own Home

Colleen Kulikowski April 3, 2016


Freedom

The home is yours. You can decorate any way you want and you will benefit from your investment for as long as you own the home.

Equity

Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity in your home.

Predictability

Unlike rent, your fixed-rate mortgage payments don’t go up over the years. However, keep in mind that property taxes and insurance costs will rise.

You no longer need a big down payment

Historically, it was customary to make a down payment of 20% of the home’s sale price, which prevented many people from considering home ownership. Today, there are many affordable loan products that require little down.

It’s a good time to buy

In today’s market, the affordable housing prices, large inventories of homes available and low mortgage rates provide a great opportunity to many first time home buyers. (Don’t forget that first time home buyers may also be eligible for a $8,000 tax credit!) Buy before the end of the year and take advantage of the 3% minimum down payment.

Selection of Homes For Sale

All statistics are gathered from the Buffalo Niagara Association of REALTORS®.

For more information – call our J. Philip Real Estate Team at: (716) 650-0051 

Thinking of selling your Western New York home? Interested in finding out the current market value of your single family home, condo or investment property? Then call us at (716) 650-0051 to discuss what is happening in today’s Western New York Real Estate Market. We would be happy to give you a personalized Comparative Market Analysis for your home or assist you to purchase a home.

Properties found on this Web site may be listed with a brokerage other than the owner of this site and are displayed here via the Internet Data Exchange (IDX) system of this broker’s MLS. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing nor displaying broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2016 Western New York Real Estate Information Services (WNYREIS), LLC. All rights reserved.

 

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