Reasons To GeT a House WHen You’Re YounG
Investment
Sooner or later the market will turn around as it has done every other time in our history. When it does you have a great investment on your hands that is worth every penny.
Appreciation
The recent housing crisis has caused some to question the long-term value of real estate, but even in the most recent 10 years, which included quite a few very bad years for housing, values are still up 7.0 percent on a cumulative basis. In addition, the number of U.S. households is expected to rise 10 to15 percent over the next decade, creating continued high demand for housing.
Return on Investment
Many of the buyers that hung around for the tax credit have not fizzled off and sellers are motivated even more to sell their homes. You can bargain for a great price if you know how to manage it.
Forced Savings Account
You have to do your math, but the part of your mortgage payment that goes to principal repayment isn't a cost. You're just paying yourself by building equity. As a forced monthly saving, it's a good discipline.
Build Your Equity
Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home.
Responsibility/Freedom
The home is yours. You can decorate any way you want and choose the types of upgrades and new amenities that appeal to your lifestyle.
Free Time
Remaining in one neighborhood for several years allows you and your family time to build long-lasting relationships within the community. It also offers children the benefit of educational and social continuity.
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