In life, we’ve all been guilty of waiting for the perfect time to make certain decisions, whether it’s attending school, starting a family, and yes, even buying a home. The truth is, life seldom grants us perfect moments; more often, it grants us opportunities to create them. Create that moment for your family, along with plenty of memories, by making the choice to buy a home now.
Still not convinced that now is the right time? Here are some reasons why you’ll benefit from not waiting:
Rent Is Rising Quickly
Rent prices are rising at the fastest rate in almost 2 years, according to CNBC, and there are no signs of slowing. When you own a home with a fixed-interest mortgage, worrying about how much your rent will increase when you renew your lease will no longer be a concern. Financial stability is a major benefit of that comes with buying a home. In addition to stable monthly payments, the sooner you purchase, the sooner you can start building equity, and even get a tax break on mortgage interest when you deduct a percentage of your interest from your taxes.
Waiting Too Long Has Consequences
Interest rates and total home prices are expected to rise over the coming years, but currently, the market is adapting to those who are looking to own their first home or even downsize. Builders and realtors alike are beginning to take notice of buyers who want affordable houses that are still conveniently located and built with quality materials, like Starlight Homes. Because there has been a shortage of this type of inventory, whatever is available will sell quickly, so don’t miss your opportunity to own a beautiful home that you can afford.
Maintain More Control, Sooner
Break free of having to answer to a landlord. Make the decision to invest in your future, instead of someone else’s. When you pay rent, your money goes into another person’s pocket while you’re held to restrictions established by that person or business. Why wait to begin investing in yourself and making your own house rules?
Now is the time for you to make the leap to homeownership, and we’d love to be your guide. Contact one of our New Home Sales Consultants and take control of your future, today.