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While homeownership often gets referred to as the American Dream, when you purchase before you are prepared, the consequences can be dire. Here are a few reasons you should buy a home.
- You feel certain. Buying a house is a huge step. It’s sensible to be cautious when making such a substantial purchase. You’re taking on added responsibility and the ongoing cost of upkeep. But, when you're ready financially, it's an excellent step to take. Ownership can provide a sense of stability and security that sets you up for future financial success.
- To build future equity. The best thing about owning a house is that it builds equity. Rather than tossing money away on a lease payment every month, you are paying a portion into your home’s value. Later, when you sell your home, some of this value returns to you. Be mindful, though, that housing markets only offer the guarantee of unpredictability; so housing values fluctuate widely over time. Once your home is paid off, you save yourself that monthly outgo — an excellent strategy for retirement.
- Your employment is secure. If you believe your position is certain and that you’ll stay in your present job — go ahead and buy a home. Having that sure income helps you stay on budget, make your mortgage payments, and build future equity.
- To access tax breaks. You can deduct a portion of your interest from your income and reduce your tax liability.
- Stability for your family. Frequent moves and uprooting your family is usually less than desirable. Owning your home in the right school district and neighborhood gives everyone in the household a sense of stability.
Owning a home offers people a level of security. Putting down roots in a location you own can bring stability to you and your family. There’s also the sense of community that homeownership offers.
When you’re ready for the stability and advantages of homeownership, reach out to your real estate professional and begin settling into the perfect community for you and your household.
About the Author
Rudden|Bobruska Team
Gary Rudden, Lisa Rudden, and Nick Bobruska
RUDDEN BOBRUSKA TEAM
What sets your team apart from other real estate teams?
There is no team out in the market that offers what we do. All of us are Realtors, but
we each have specialized roles, which make our team so unique!
After decades of living and selling real estate in the DMV, we have established
ourselves as one of the top real estate teams with our market expertise and
cutting-edge technology. Our savvy high-tech marketing is on every website
and social media source. We have a huge network with other top agents, which
helps to premarket homes and discover homes for buyers before they reach the
open market. Our services include professional in-house staging services, broker
expertise in negotiating and navigating contracts, and buyer representation in all
price ranges. Each client has different needs and we create a marketing plan based
on those needs.
Our most distinct feature is our in-house construction and renovation team. We
are literally a full-service, one-stop shop when selling or buying a home!
How does the in-house construction and renovation team work?
All work is managed and completed through our licensed and bonded construction
crew. No need to call outside contractors. We are like “HGTV,” but we just don’t
have a show! Whether it’s a small makeover or a major renovation, we do it all. Our
sellers love this aspect of our team because we make preparing your home for the
market so seamless. Our buyers love the advice and insight we can give for future
renovations and repairs.
Having a licensed Maryland Home Improvement contractor as part of our team
along with the knowledge, experience, commitment and services that we offer, truly
puts our team as a vanguard in the real estate industry.