Sunday, February 20, 2011

There Are Still Reasons To Buy A Home

By Elaine Danniel


Many times it is difficult to find rental properties. If you are looking to rent housing in some of the small towns, it can be nearly impossible to find a place. By owning your own property you can be rest assured that you will have a permanent place to live, without the threat of being asked to move.

Currently the market is saturated with houses for sale making it a buyers market. Price tags on many have decreased considerably over the last several years. If you buy now, you will likely find a rock bottom deal oh the house of your dreams. If you choose to negotiate you might find you can get a better deal.

Interest rates are also historically low. They are currently hovering around 4%. As recent as 2 years ago they were at 6%. You might think that it would be beneficial to wait and see if these rates drop even lower, however by waiting you are taking the chance that they will instead rise. If this happens you will miss out on this opportunity that could be a once in a lifetime opportunity. By buying now you can enjoy the benefit of low rates and if they drop more, you can probably refinance your mortgage loan and be able to still get the lower rates.

Currently the market is saturated with houses for sale making it a buyers market. Price tags on many have decreased considerably over the last several years. If you buy now, you will likely find a rock bottom deal oh the house of your dreams. If you choose to negotiate you might find you can get a better deal.

Another, and perhaps one of the biggest benefits is that once you buy the house, it is yours. You can paint it or remodel it in any fashion that you please. If you want to remove walls and add another bathroom, you can. Any remodeling you do that increases the value of the property will benefit you. When you rent, even if the landlord will allow you to paint or do some minor remodeling, it will be of benefit to them when you move out.

Many times it is difficult to find rental properties. If you are looking to rent housing in some of the small towns, it can be nearly impossible to find a place. By owning your own property you can be rest assured that you will have a permanent place to live, without the threat of being asked to move.

Another, and perhaps one of the biggest benefits is that once you buy the house, it is yours. You can paint it or remodel it in any fashion that you please. If you want to remove walls and add another bathroom, you can. Any remodeling you do that increases the value of the property will benefit you. When you rent, even if the landlord will allow you to paint or do some minor remodeling, it will be of benefit to them when you move out.

This is only a few of the reasons to buy a home right now if you can for example Whitby homes. Eventually the economy will stabilize again and some of these opportunities will be gone. Home ownership can be a very rewarding experience. If you can afford to realize the dream right now, then you should.




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