June 27, 2018 11:33 am
Why Buy a Home?
Buying your first home can be a tricky decision, it’s an elusive goal in life for most people. When buying your home there are a certain set of circumstances that all eventually fall into place. Where your huge lump sum of money, combined with your salary and good credit allows you to jump on the property ladder and buy your first home. Each one of these puzzle pieces by themselves are not impossible to put into place, but they are certainly difficult, especially when put together, and even more so in places where a home price outpaces the cost of living.
No one will raise your rent
Depending on your budget you may be able to get a mortgage lower than what you’re currently paying in rent and you could potentially pay less for a larger, better space.
Owning your own home is very expensive and more than likely you will be in the red for a good few months until things settle down.
You can save money
When you factor out the higher mortgage and unexpected expensive first month you will be living comfortably. Saving money by changing your thermostat or getting a low-flow shower head will all reduce your bills. You’ll also want to spend more time at home than you will going out, which will also save you money in the long run.
Feel Good About Your Long-Term Plans
Buying your first home is daunting to say the least, but once you’re in and you’ve decorated and settled down you can finally say that this home is your home and no one else’s. You won’t be paying rent to anyone. Everything you do in your house will be down to you, you will have to fix broken appliances and possibly get a gardener to tend your lawn, but that’s all part and parcel of being a homeowner.
Categorised in: Buying
This post was written by millermetcalfe