When is Buying a Home Worth It?

by Cathy Tishhouse 02/16/2020

Photo by Monkey Business Images via Shutterstock

While homeownership often gets referred to as the American Dream, when you purchase before you are prepared, the consequences can be dire. Here are a few reasons you should buy a home.

  • You feel certain. Buying a house is a huge step. It’s sensible to be cautious when making such a substantial purchase. You’re taking on added responsibility and the ongoing cost of upkeep. But, when you're ready financially, it's an excellent step to take. Ownership can provide a sense of stability and security that sets you up for future financial success.
  • To build future equity. The best thing about owning a house is that it builds equity. Rather than tossing money away on a lease payment every month, you are paying a portion into your home’s value. Later, when you sell your home, some of this value returns to you. Be mindful, though, that housing markets only offer the guarantee of unpredictability; so housing values fluctuate widely over time. Once your home is paid off, you save yourself that monthly outgo — an excellent strategy for retirement.
  • Your employment is secure. If you believe your position is certain and that you’ll stay in your present job — go ahead and buy a home. Having that sure income helps you stay on budget, make your mortgage payments, and build future equity.
  • To access tax breaks. You can deduct a portion of your interest from your income and reduce your tax liability.
  • Stability for your family. Frequent moves and uprooting your family is usually less than desirable. Owning your home in the right school district and neighborhood gives everyone in the household a sense of stability.

Owning a home offers people a level of security. Putting down roots in a location you own can bring stability to you and your family. There’s also the sense of community that homeownership offers.

When you’re ready for the stability and advantages of homeownership, reach out to your real estate professional and begin settling into the perfect community for you and your household.  

About the Author
Author

Cathy Tishhouse

 Prior to becoming a Realtor in 2004, I was the training manager for Marriott Hotels at the Detroit Renaissance Center and a Corporate Trainer for Marriott International. . I have worked extensively in the hospitality industry as a Food & Beverage Server and Human Resource professional (staffing, recruiting and training hospitality) for Westin Hotels. .

With over twenty five years experience in customer service,  I believe that caring for clients is the most important aspect of my career—particularly in the purchase or sale of real estate— usually the single largest asset a person possesses.  The Real Estate Industry is a dynamic and  changing profession and you need the guidance of a proven professional to represent your interests.

I love what I do -- creating ways to develop my business and new marketing strategies for my listings, the variety in viewing so many homes and interiors and finally, I love it because I know I make a difference in my interactions with people and the service I provide.

When you make the important decision to buy or sell a home, I’m committed to going the extra mile to ensure that all of your needs are successfully met in a professional and honest manner.