Why Become a Homeowner | Benefits of buying a Home!

By Albert Gibosse | Blue Label Weekly Magazine |

By becoming a homeowner, you will build equity through paying down your mortgage over the years and  will likely enjoy a lower cost of living in retirement.

Chantal Chery Realtor/Branch Manager Andrade and Associates Realty Office: 617.690.2588 Cell: 857.258.6508 Email: cchery@andradeassociates.com Address: 524 River Street Suite: 900, Mattapan, MA 02126

Chantal Chery Realtor/Branch Manager |  Andrade and Associates Realty | Office Tel: 617.690.2588 | Cell: 857.258.6508 | Email: cchery@andradeassociates.com | Address: 524 River Street Suite: 900, Mattapan, MA 02126 |

 

Owning a home is actually cheaper now than renting/leasing. One  roadblock to buying a home usually is the inability of many potential buyers to afford the down payment, which is typically 20% of the purchase price.

 

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When you buy, your costs are rather predictable and more stable than renting as  they’re ideally based on a fixed-rate mortgage. The interest and property tax portion of your mortgage payment is a tax deduction. There’s pride in homeownership, which also closely ties you to your community.

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There are two ways to build equity: With each monthly mortgage payment you make, a cropped-americas-food-basket-always-fresh-fresh-vegetabes2.jpgportion goes toward reducing the amount you owe on your loan, which increases your equity. In a sense, paying your mortgage is a form of savings, as it increases the equity in your home.

 

“Owning a house provides you with a valuable asset and financial stability. By purchasing a home, you’ll have an asset that, in many cases, will appreciate in value over time. A $400,000 home today should appreciate in value and may see an increase in value to $500,000.

 

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Live Life Under Your Own Rules

US trust motors Sales |US trust motors quality auto sales| US trust motors auto dealership | US trust motors Tel 617-592-4433 | Great Way For a Family on a Budget To Same Money | Quality Used Cars Are A Great Value | WEBSITE

US trust motors Sales |US trust motors quality auto sales| US trust motors auto dealership | US trust motors Tel 617-592-4433 | Great Way For a Family on a Budget To Same Money | Quality Used Cars Are A Great Value | WEBSITE

Owning a home enables you to live life under your own rules. Homeowners, don’t need permission to make modification(s) in their home. They can paint any room any color, replace the cabinets, add a deck, or do any other modifications they wish.

 

Privacy

Homeownership provides great privacy

 

It’s yours!

This may seem fairly obvious, but it’s worth emphasizing: With a rental, you run the risk of getting kicked out at the end of your lease.

Cola Sejourne | kola sejourne | kola sejoune |

Cola Sejourne | kola sejourne | kola sejoune |

 

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