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Homeownership is something many people dream of. While renting can be convenient for some, owning your own home has a lot of advantages to consider. In today’s blog, your Lake of the Ozarks real estate team discusses some of the perks of homeownership . 1. Return on Investment. When you rent your home, you’re paying someone else’s mortgage. When it’s all said and done, and your lease is up, you have nothing to show for it. While renters don’t have to worry about paying for upkeep and maintenance issues, they aren’t getting a return on investment. Owning your own home does come with some added expenses, but your return on investment is much greater. Unlike other purchases that decrease in value, like your car, home appreciate over time. While each market has it’s ups and downs, you’re paying down your mortgage debt while the home value rises. This creates buying and reinvestment power known as equity. 2. Tax Benefits. The government encourages homeownership, which encourages e...

While spring and summer may be the busiest time of the year for buying a home at the Lake of the Ozarks , it’s not necessarily the best. The fall season is a great time to purchase a home as well! Keep reading to learn why the crisp air and leaves blowing is a sign that it’s the perfect time to go house hunting: 1. There’s Less Competition.  While everyone was running around fighting over houses during the spring and summer months, you were relaxing, waiting for the perfect time to enter the market as a buyer. With less competition, you’ll have a better shot with negotiations. While many people think of the fall season as the off season for real estate, there are still homes for sale. Often times, there are just as many homes for sale in the fall as in the spring and summer. The change of the season means new inventory, as well as repositioned old inventory that didn’t sell during the summer. 2. Sellers are Serious.  For those sellers who unfortunately weren’t able ...

There are many people that move due to a job relocation, or because of a change in finances or a family situation. Whatever the reason, there are homeowners who find they are unable to finish all the home improvements they were hoping to when they purchased the home. Are you selling a home at the Lake of the Ozarks and wondering if you should fix it up home or sell it as is?  Devine & Associates can evaluate the condition of your home, let you know the state of the current real estate market, and check the competing inventory to determine the likelihood of the return of investment. Here are some factors that may help you determine whether you want to fix up your home: Do Home Buyers Want Fixer Uppers Or Fixed Up Homes? Home buyers that want to buy a fixer upper generally just want to make some light cosmetic repairs. Most fixer buyers are willing to do simple repairs such as paint the walls, install new flooring, or replace light fixtures. Buyers who gravitate toward...