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Advantages of Buying vs. Renting |
You've probably seen lots of financial
arguments about why you should own your own home rather than rent. These
include being able to budget (no rent increases) and the tax savings you'll
most likely have. Here are some reasons you probably haven't heard.
Freedom to pursue other goals in life once the
major goal of home ownership is achieved
Strange as it sounds, many of my first-time buyers have told me that once they
bought the house, other things in their life started to fall into place. It's
as if not owning took so much of their mental energy that other goals were not
worked on until that big goal was reached. So buy a home and get on with your
life!
A greater sense of belonging to the community
Once you own a home, you feel more attached to the city in which you live.
You're more interested in what happens in town, to the roads, schools, and
shopping areas. Some people even become involved in local politics, which you
seldom see a renter do.
A commitment to something, a sense of
stability
Home ownership is an anchor, something that cannot be pulled out from under
you. You'll never get a notice that you have to move. You're kids will never
have to change schools. It gives you freedom to plan years ahead. YOU HAVE THE
CONTROL!!!!!!!!!!!
You can change things; a feeling of being in
control
It's your home. You can add to it, remodel it, change the landscaping, and do
whatever projects you want. You have a feeling of being in control of something
in your life. At work we don't always have control of what happens, but your
home is your castle that you have dominion over. You can see what you're
building take shape before your eyes.
More control over the children than in an
apartment complex
In a neighborhood, kids usually play in the yards or go to friend's houses a
few doors away. Consider the fact that in an apartment complex you most likley
never knew where the kids were. They could be in any of hundreds of apartments,
doing who knows what. In a home you get to know the neighbors and watch out for
each other's kids. It’s a community you belong to and neihbor’s watch out for
eachother.
Children do better in school and feel more
secure
This one surprised me, but buyers have reported to me that their kids calmed
down in school after they bought a house. I don't know why, but it seems to
work that way. I remember a single mom watching her son play in the yard,
making steps in the slope and building things. She didn't have to tell him to leave
everything alone, like she did at the apartment complex. I guess kids feel the
same need for control we adults do.
Time and money saved by not going to the
Laundromat
A small point, but if you have kids, you know the value of this one. You gain a
whole evening a week when you buy a house! The wash gets done in between other
things, or while you're at work. What would you do with the extra evening
you'll have? How about going out for dinner with your spouse with all those
quarters?
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Marc Gohres Real Estate Specialist 3230 South Buffalo Drive, Suite 105 Las Vegas, Nevada 89117 Phone (702) 768-8598 Fax (702) 646-5624 |
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Last updated on 11/04/2006
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