Discovering the Benefits of Homeownership
February 22, 2022
At Wilkinson Homes, we understand that the debate of owning a home versus renting has gone back and forth for years. In reality, though—there’s not much to debate. The financial benefits alone of owning a home are enough to turn heads, but there is so much more to it than that. Read on to see a few reasons why owning a home may bring out benefits you never thought of.
Stable housing costs
It’s no surprise that the upfront costs of owning a home are what initially turn most people away from the idea altogether. They might see the costs of a down payment and decide that they are unable to afford everything that comes with owning their own property. With a fixed-rate loan, however, your monthly mortgage payments will not change. This is drastically different from a rental property where your landlord could increase your monthly costs each year you continue to re-sign a lease. Add that to the fact that by purchasing a new-construction home, you won’t have to worry about making additional payments on home maintenance for years—drastically reducing your overall spending on your home each month.
Owning your own home is a great investment to make. When you purchase a car, the value of the vehicle starts to decline as soon as you leave the sales lot—this is the exact opposite with a home. Although it is largely based on the trends the industry is facing—home prices generally increase over time. If the time eventually comes and you’re ready to move on to a different city or location, you will get the money back that you put into your home—and more.
Emotional benefits of owning a home
Many industry professionals focus on the financial benefits of owning a home versus renting a home—and the emotional benefits that go along with owning your own home are largely overlooked. The sense of community you feel when you own your own home in a neighborhood you love could be the only driving factor you need to make the switch—but that’s only the tip of the iceberg. When you move on from renting to owning, the members of your household can find comfort in knowing that the home is yours for as long as you need it to be. You won’t have to worry about any forced moving dates or exponential increases in rent. You’ll also be able to personalize your home in a way that you’ve never been able to do before. Owning a home gives you the power to truly make it your own, and when you buy a new-construction home from Wilkinson Homes—our modern floor plans offer the perfect canvas for you to create the home you’ve always wanted.
Find your dream home with Wilkinson
Our team at Wilkinson Homes has been working for over three decades to help our customers realize the home of their dreams—and we’re ready to do the same for you and your family. Take a look through the communities we love to build in and find a floor plan that perfectly fits your needs—then give us a call at (610) 274-8283 or fill out our online form today for more information.