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8 Reasons Why Buying a Home or Condo is Good for You

By
Real Estate Agent with Nesbitt Realty at Condo Alexandria 0225-089134

The mareket is heating up and now is a great time to buy. And, what’s more, tomorrow will be a great time to own, because the fundamental strength of homeownership hasn’t changed.

Julie

Julie can help you with all your real estate needs.

 

Here are 10 reasons:

 

  1. You can get a good deal. Prices are as low as they are going to get for a while. And prices are at a level that makes sense for people’s income.
  2. Mortgages are cheap. At 3.75% on average for a 30-year fixed-rate mortgage, your costs to own are down.
  3. You can save on taxes. When you add up the deductions for mortgage interest and others, the cost of owning can drop below renting for a comparable place.
  4. Your money is not wasted on rent. The one benefit to owning that never changes is that you can paint your walls orange if you want (generally speaking; there might be some community restrictions). How many landlords will let you do that?
  5. You can get a better home. In some markets, it’s simply the case that the nicest places are for-sale homes and condos.
  6. Home buying offers some inflation protection. Historically, appreciation over time outpaces inflation.
  7. It’s risk capital. If the economy picks up, you stand to benefit from that, even if you’re goal is just to have a nice place to live.
  8. It’s forced savings. A part of your payment each month goes to equity.

 

We help our clients buy homes in Northern VA.

 

Our home buyer's resource page will answer common questions like:

 

    • Why Nesbitt Realty?

Home Buyer Resources

  • What is a buyer's agent?
  • What is a buyer's rebate?
  • How much does representation cost?
  • How we find your new home?
  • How much home can you afford?
  • How much are closing costs?

 

Read answers, home buyer's tips & tools

 

Price Drops in Alexandria VA

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Comments(6)

Randy Bocook
Keller Williams Coastal Area Partners - Richmond Hill, GA
Selling Coastal Georgia

Great post. You make some great points. Thanks for sharing.

May 30, 2013 12:20 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Buyers in the Alexandria, Va. area, call Will Nesbitt with Nesbitt Realty at 703-765-0300.  He knows what he is talking about and can guide you into home ownership.

May 30, 2013 12:43 AM
Morgan Evans
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

A variety of good reasons to purchase a condo or home for sale in the Alexandria Virginia area.

May 30, 2013 01:03 AM
Roy Kelley
Retired - Gaithersburg, MD

Good tips for prospective home buyers. Have a most productive summer.

May 30, 2013 08:51 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Will,

Good tips, Alexandra

May 30, 2013 08:55 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Great points for outlining why buying a home is a good decision to make.

May 30, 2013 10:15 PM