Reasons You Should Stop Renting & Buy A Home

Buying a home is likely one of the biggest investments you'll make in your lifetime. This can feel intimidating as you think about the large investment that may lay ahead but buying doesn't have to a scary process. As an experienced team of real estate agents in Eldon, Missouri, we know how beneficial it can be to buy a home in mid-Missouri. Check out the reasons you should buy instead of rent below.


Invest in Your Property

When you make your monthly mortgage payments, a portion of each payment goes toward the equity of your home. This is a great way to make an investment and is a way of forced savings - in a sense. You are required to make your payments and along with that, you're earning equity on your property. Home values are trending upward which works in favor of making a purchase now and hopefully be able to sell your property in the future for more.

Mortgage is Being Paid

Whether you own or rent, you are paying a mortgage payment. When a landlord charges rent, you are paying their mortgage payment - sometimes more with your monthly rent. You may as well be making your own mortgage payment and building equity in your home.

Make the Space Your Own

Owning your home gives you the creative ability to make your space your own. You can paint the walls any color you want, hang pictures up on the walls, and add unique features at any time. This is a great opportunity to put your unique style on your home. It's an exciting task if you've only rented and never had creative opportunities before!


Tax Perks Available

There are some tax benefits to purchasing a home. You will be able to get a tax break at the end of a year if you purchase a home. It's a great way to get some deductibles come tax time!

Predictable Payments

When buying a home you know how much your monthly mortgage payment is upfront and for how many years it stays at the amount. With renting, you never know when the landlord will raise the monthly rent. You can budget more effectively with a set mortgage payment each month!

What are you waiting for? Contact Devine & Associates today to start your home search near Eldon, Missouri. Whether you're looking for a starter home or want to dive into a rural property with land, our real estate agents specialize in first time buyers and rural land for sale in mid-Missouri so we're the perfect option for agents to be on your side. We look forward to helping you find the perfect space and start investing in yourself!

Devine & Associates Would Love To Help You Buy A Home!

Our real estate team in Eldon, MO would be thrilled to help you buy your first home.  We specialize in first-time buyers and we understand the unique challenges and concerns many people in your situation face.  If you are thinking about buying your first home, we hope you'll give us a call!

The BEST Real Estate Agents in Central Missouri!

Where Your Best Interests and Our Best Efforts Meet!

                                                                                                                                                                             (573) 392-9900
203 E. 10th St., Eldon, MO 65026
(573) 207-8407
213 N. Main St., Laurie, MO 65037
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Location: Eldon, MO 65026, USA

Comments

  1. James FranklinAugust 2, 2021 at 2:07 AM

    Do you want to buy, sell, or rent a real estate property in the USA? Then you should contact the local agents of EXP Realty. They will help you to buy, sell, or rent a real estate property easily anywhere in the USA.

    ReplyDelete
  2. KrisOctober 2, 2021 at 3:35 AM

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  3. Century21August 27, 2023 at 11:33 PM

    Great!
    I like how easily you explain the difference between buying house and house on rent.
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  4. RemaxelitejmAugust 28, 2023 at 6:15 AM

    Great content with proper explanation about Reasons You Should Stop Renting & Buy A Home. I've some doubts but now all is clear. Thanks for explaining it perfectly.

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