Are you ready for your first home, or are you still on the fence? Here are a few thing to help you decide.
Decorating
When you buy your home you are able to paint the wall any color you want. You can design any room as you please. However, there are limitations on what you can do in an apartment. Sure the property managers will let you paint an accent wall, or put down temporary flooring, but you have to make sure that you put everything back the way it was before you move.
Equity
When you're paying your mortgage your building equity in your home. Bottom-line, you're not building equity when you're renting, and the interest you're paying that is included in your rent is not a tax deduction for you. When you're renting all of your money goes into the landlord's pocket making them rich
Parties or Get-togethers
Having your friends over won't be that much of an issue. You can talk and laugh as loud as you like, giving you and your guests something to remember for years. However, when you're renting you must be considerate of others around you.
Buying gives you freedom. Yes, you will have to pay homeowners' insurance, and property taxes when you buy a home. However, you're doing the same thing when you're renting. You're just paying it in one lump sum to your landlord.
Your first home is waiting. if you have any further questions about whether buying a home is right for you. Let's chat!