Welcome to the first of a seven part series
We will provide the details the current ‘buy vs rent' climate and the reasons why now is the perfect time to own your own home! Learn the advantages of homeowership, all the details of how to find your dream home.
Let's start out by watching this 90 second video** and start our journey off on the right foot.
Now that we are all on the same page let's talk specifics. What does home ownership have to offer your family?
Freedom from nosey and noisy neighbors. In many cases, your own home provides you with more privacy than rental living. For some people this translates into a quieter living environment, for others it's the ability to have a garden or a garage for the car.
The ability to change your home as you like. Always wanted a yellow kitchen or a back porch? This benefit gives you more control over your living environment, allowing you to make adjustments as your family changes or just as your personal taste dictates.
Improved Living conditions. Owning a home compared with renting leads to a 13 to 23 percent higher-quality home environment. Owners have more of an incentive to make improvements in their home, and create a more positive living environment. This results in the above benefits to their children by creating a better play area or learning area.
Homeownership builds confidence & pride of ownership. Owners possess significantly higher levels of self-confidence than renters. There's nothing quite like the feeling you get when you pull into the driveway of YOUR OWN HOME. And why not? You worked hard for it!
Homeowners are more involved in civic affairs. This includes voting in the last election, and knowing their elected officials. When you are a homeowner you will WANT to get involved! Property taxes affect EVERYONE!
Homeownership provides tax benefits. The typical homeowner that pays a $1,000 house payment will realize tax savings of about $120 each month. Compare that with the tax savings you get when you pay rent, NOTHING!! Rent provides you with a roof over your head. All the tax savings go to the owner of the property!
Homeownership contributes toward lower crime rates. Homeowners have a greater financial stake than do renters. Therefore, homeowners have more reason to prevent crime by participating in crime prevention programs. The research also states that homeowners are less likely to become crime victims.
Stability- Renters move every 3 years on average. Remaining in one neighborhood encourages participation in community affairs and activities, you develop lasting friendships, and children benefit from educational continuity.
Parents who own their own home may be helping to boost their children's educational achievements, and even reduce behavioral problems.
Next week we will look at more of the financial benefits of owning your own home!
If you have any questions feel free to contact us!
** This video was produced by the Lennar Corporation, one of the largest builders of new homes in America, (not yet in New Mexico), and it can be found on both Lennar TV at Lennar.com on Lennar TV and on You Tube along with a selection of video podcasts containing important information regarding the home building industry, the Lennar Company, their communities, homes, customers and their commitment.