Top Reasons to Buy Your First Home in 2017
Buying your first home is a major milestone in your life. It is an exciting time filled with the all the possibilities that come with one of the most expensive and important purchases in your life.
The Pride of Owning a House
One of the biggest reasons why people buy a house is a sense of pride and accomplishment. It show you have worked hard to get something of value. It becomes a center for the moments of your life including holidays, family, and friends. A house is integrated into the memories you will make in the future.
Total Freedom
It feels good to have the freedom that comes with owning a home. Renters recognize limitation such as keeping certain paint colors or having no pets. When you buy a house, you can have multiple pets and paint the walls any colors you want. A house can become a means of self-expression.
Inventory is Dwindling
In many markets, there are starting to be more buyers than there are homes. This means there is a limited inventory to choose from. Smart first-time home buyers are recognizing this fact in 2017. Now is the ideal time to find a home at an affordable price before the competition gets tougher.
Interest Rates Could Rise
Other experts are noting the interest rates are rising on mortgage loans. Buying a house sooner could mean saving on the cost of interest. Smart first time home buyers consult with a qualified mortgage lender to get pre-approved for a loan. This also lets buyers know how much purchasing power they have before they go shopping for a house.
First time home buyers recognize 2017 is the time to start shopping for a dream home. Work with a dedicated team of professionals to help you including a realtor, mortgage banker, appraiser, inspector, and others. Soon you could be living your dream!
There's also a few reasons not too...
Prices have risen more rapidly then usual over the last few years an many believe we are in another housing bubble.
The expenses of owning a house are usually much higher than renting. In addition to the mortgage, you must also pay property taxes, insurance, and whatever costs are involved in simply maintaining your house. Rent is usually more expensive than a mortgage payment (for the equivalent house) but it's often quite a bit less than the other expenses combined.
Freedom kind of works both ways here. Yes, with owning a house you have more freedom to do what you want with it but if you are someone who likes to move around a lot then it is not all that practical.