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    1. It compels you to save money and/or increase your wealth. (You pay down your mortgage over time, and your house will most likely appreciate in value.)
    2. You can qualify for tax deductions. (Obviously this varies from one person to the next, so make sure to ask your accountant about how it will impact you.)
    3. Interest rates for mortgages have been at an all-time low for some time now. They can always go up at some point though. If you lock into a “fixed-rate” mortgage now and rates do go up, you’ll be happy you did.
    4. Rents tend to go up over time, but if you buy a house with a fixed-rate mortgage, your principal and interest payment will be the same for as long as you own the house.
    5. You have more control and say over your home. You can do what you want to it, when you want, and you don’t have to worry about a landlord giving you permission for doing things that need to be done.
    6. You won’t have to move if your landlord decides to sell, increase the rent excessively, or not renew your lease.
    7. You’ll save money by not having to move as frequently as renters often do. You’ll save on moving costs and by not having to buy new furnishings to fit the next rental.
    8. You can possibly turn your home into a money-making asset by keeping it as a rental if and when you move.

Pride. There’s a certain pride to saying you own a home. And while it’s kind of vague, pride can make a big difference in how you feel about life.

It can be a tremendous undertaking when buying home. Of course with all the exhilaration is also some uneasiness - especially leading up to the transaction. If you're like most people, I bet you'll likely want some expert advice along the way -- and you'll undoubtedly need a real estate agent looking out for your top interests. I'm without question qualified in Florida real estate, and would love to provide assistance with purchasing your new home.

Posted by Shannon Wade Henley on June 18th, 2019 6:28 PM

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