Guide To Seattle Real Estate

This is part two of the benefits of home ownership.

Freedom & Individualism 

When renting you are restricted to what improvements you can make to your home. You not only have to get permission, but it doesn’t make sense to improve someone else’s home, benefiting the homeowner and not you. By owning your home you have the legal right to do what you want to improve your home. If you want to paint, add new carpet, put on siding, remodel, or even own a pet it is entirely up to you. Owning your own home gives you the freedom to make your own decisions and create an atmosphere that you enjoy living in, as well as receiving all the financial benefits from your improvements.  

Stable Monthly Costs 

While being a renter, you can count on your rent to consistently go up every year.  By getting a fixed rate mortgage, you know exactly what your monthly payments will be for the next 30 years or how ever long your note is for. No surprises! If you decide to get an adjustable rate mortgage your rate will stay within a certain range for the life of the note. Who knows how much rent will be ten, twenty, thirty years from now? By owning your own home and knowing exactly what expenses you have for the next thirty years you can make concrete investment plans with out being concerned over the housing market. 

Stable Housing 

Renting your home will always give you the uncertainty of where you will live when your lease is up. Landlords can kick the renter out when their lease is up. Just like that, you are looking in the newspapers for a place to live and reliving the moving nightmare all over again. By owning your own home you get to decide when it is time to move on. 

The Guide To Seattle Real Estate