Are you torn between the decision to rent or buy a home? It is a common dilemma faced by many individuals and families. While both options have their own advantages, owning a home comes with several unique benefits that can greatly enhance your overall quality of life.
Interra Homes, understands the importance of making an informed decision when it comes to homeownership. With our expertise and experience, we have compiled the key benefits that come with owning a home compared to renting.
Explore the advantages of owning a home versus renting. From building equity to having the freedom to personalize your space, there are compelling reasons why homeownership can be a wise investment. So, if you are contemplating whether to rent or buy, keep reading to discover the benefits of owning a home.
Stop Paying a Landlord and Build Equity
Putting your hard-earned money toward owning your dream home can be much more rewarding than giving it to a landlord and getting nothing permanent in return. Many people spend more on monthly rent than they would on a mortgage payment. In the end, they will be left with nothing if they decide to move, rather than being able to get a large percentage of their money back by selling a home they own. Each mortgage payment allows homeowners to build equity by increasing the percentage of the property they own each month.
Paying rent for the same amount of time will serve toward paying your landlord’s mortgage, utilities, and more, but it will not do much for you beyond the bare minimum of giving you a place to live while you are making payments.
A Great Long-Term Investment
Paying a landlord means spending money you will never see again, but the money you invest into building and purchasing your own home stays with you by being converted into owning a larger percentage of your property. This means that most of your money goes directly toward improving your life, rather than someone else’s.
Many properties increase in value over time, especially if you periodically make renovations and additions that keep them modern and in good condition. Meaning you may earn more than you spent initially if you sell your home.
Privacy and Freedom
Under most circumstances, you cannot keep your landlord from entering your rental (as long as they provide sufficient notice according to your state’s laws), which can significantly impact your ability to relax in your home. Although most landlords will only enter your home in an emergency or to make occasional repairs or other improvements, some may abuse this privilege and find excuses to enter your living space far more frequently than you are comfortable with. Even unwanted renovations can disrupt your routine and be frustrating to deal with, and owning your property gives you a much higher level of control over who enters your home and when they do so.
Personalization
Owning a home gives you significantly more options for making it your own. At Interra Homes we can help you find the perfect layout that meets your family’s needs and comes closer to what you have in mind rather than renting an existing home that you cannot change.
From selecting a floor plan and layout – to choosing your favorite cabinets, countertops, wall colors, floors, and other details, our design team can help you personalize a home that is timeless.
When owning a home, you have entire control over home projects and renovation. When renting some landlords may allow limited personalization of a rental, such as painting walls, if you agree to undo any changes you made before moving out. Which at the end of the day, is another task for you. However, a lot of landlords do not allow any changes of a rental leaving you very limited on how to personalize a space.
Financial Options to Help You Become A Homeowner
One of the most common reasons someone doesn’t take the next steps in becoming a homeowner is because of all the hurdles. It can be an overwhelming process and has a lot of steps that can make anyone put off buying a home. At Interra Homes, we offer multiple incentive offers to help future home buyers save money. Money to put toward a locked in interest rate, giving you peace of mind if rates increase, you’re secured! Another advantage we offer is working with one of our preferred financial lenders. New home buyers have an option to refinance within 2 years to secure a lower interest rate if the market goes down and waived fees! At Interra Homes we are passionate about helping everyone find their dream home and make it financially possible.
Say Goodbye to Renting and Hello to Home Ownership with Interra Homes
Are you ready to stop throwing away your hard-earned money on rent every month?
Interra Homes can help you say goodbye to renting and hello to home ownership. With our affordable and personalized homes, you can finally have the freedom to make your space your own. Imagine decorating your own home, hosting parties in your backyard, and building equity for your future. With Interra Homes, all of this can become a reality.
Do not wait any longer. Contact Interra Homes today to start the journey toward home ownership.
Say goodbye to renting and hello to a brighter future in your own home.