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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 charge...

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...