Is Buying a Home Worth It?

by Judy White 01/12/2020

Photo by Monkey Business Images via Shutterstock

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
Author

Judy White

JUDY! JUDY! JUDY!

I am known for "out of the box" approaches, offering clients a unique experience packed with high energy service. A background in design, marketing and public relations has been a critical foundation for my success in real estate. Extremely knowledgeable in the fluctuations of the Denver metro front range market. I pride myself in offering my clients an enjoyable, professional real estate experience, unlike any other. I realize that the opportunity is not about me, but about my clients. In a world of talkers, my best attribute, far and away, is as a listener, then digesting what the client wants/needs, and then providing the best realistic solution. No sugar coating, just the facts, then the results. I am able to assimilate what I hear into a cogent, effective marketing program. I fully understand the beauty of uniqueness and I am prepared to market your "secret gem" or locate your "secret gem" to its fullest potential.

Whether a primary residence, or investment property, my knowledge of the market is a tremendous asset to making sound decisions, whether representing a Buyer, Seller, or both. I always follow statistics and market trends with a greater understanding of the market climate as well as buyer/seller behaviors, ultimately resulting in a successful transaction.

I also carry the following National Assn of Realtors Designations:

CRS--Certified Residential Specialist (top 4% nationwide Realtors)

REBAC--Member in good standing, Real Estate Buyers Agency Council

GRI--Graduate Realty Institute

SRES--Senior Real Estate Specialist

5280 Magazine Five Star Real Estate Agent--6 years in a row