1. You Can Decide How To Live Your Life.
There's nothing worse than not being able to live the way you want simply because an independent party (such as your landlord) tells you otherwise. As the homeowner, you are the one who gets to decide whether or not you want to have a pet, how loudly you want to play the music, and what color you want to paint the walls. There is nothing quite like the sense of freedom and pride that comes from owning your own home!
2. You Don't Have To Wait For Someone Else To Make The Repairs.
The fact that homeowners are responsible for making their own repairs is sometimes used as a negative hit against homeownership, but we believe that it's actually a big advantage. All too often, renters end up waiting weeks and weeks before the maintenance man finally responds to their request. When you own your own home, you have the freedom to make repairs you need, when you need them.
Rent costs have risen to all-time highs over the past few years, and they are expected to continue to increase in 2016. As a result, individuals who plan to rent for a few more years so they can save up more money for the down payments may end up getting caught in what Keeping Current Matters has dubbed "the renter's trap." As the owner of your own home (and depending on your type of mortgage loan) you can enjoy fixed monthly payments that will remain consistent for the duration of your loan.
4. You Are Investing In Your Future.
When they make their monthly payments, homeowners are investing in what some people call a form of "forced savings." Paying your mortgage is non-negotiable, but a portion of your monthly payment comes back to you in the form of home equity. Home equity refers to the monetary amount of the home you actually own. For example, if your house is worth $250,000 and your loan balance is only $200,000, you have $50,000 of equity in your home. By making your mortgage payment every month, you are forcing yourself to build home equity - which will prove to be a valuable financial asset in the long run!
5. You Can Enjoy A Sense Of Stability.
Even if you rent the same house or apartment for several years, it unavoidably feels like a temporary arrangement. When you buy a home at the Lake of the Ozarks, on the other hand, you can know that you will be in that same home for several years. This sense of stability has been shown time and time again to offer incredible benefits for people of all ages - children of homeowners perform better in schools and homeowners are more relaxed and confident. There's truly nothing like it!
Don't Yet Own Your Own Home? Call Us!
If you have yet to join the ranks of proud homeowners, call us at 877-452-5338. With over 40 years in real estate and over 15 years in the Lake Area, we have the experience you need to successfully buy a home in Sunrise Beach MO. We would be honored to help you find your dream home at the Lake of the Ozarks!
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