Why Now is a Good Time to Buy Your New Home in Delaware
October 3, 2023
If you’ve been contemplating the idea of purchasing a home, you might be wondering if now is the right time for you to buy, and in today’s real estate market, there are several compelling reasons why this could be the ideal moment to make your move. From the availability of a wide inventory of homes at Wilkinson Homes to the potential for refinancing when interest rates drop, read on to see the numerous advantages you’ll receive when you buy your new home now.
One of the most significant advantages of purchasing a home at this moment is the abundant amount of inventory available today. Throughout our new home communities in Delaware, our team at Wilkinson Homes offers a broad selection of properties for potential homeowners to choose from. Whether you’re looking for a cozy starter home or a spacious residence, you’ll easily be able to find a home that meets your needs and preferences. With 9 quick move-in homes currently available in New Castle County and Kent County, you can experience the convenience of settling into your new home sooner than you might think.
Build equity and long-term investment
When you buy a new home, you’re not just acquiring a place to live, you’re also investing in your financial future, and as you make mortgage payments over time, you’ll build equity in your home. Equity is the portion of your home that you truly own, and it can increase as your property appreciates in value which can be an important asset and a source of financial stability. Real estate has historically proven to be a sound long-term investment. By buying your new home from Wilkinson Homes now, you’re positioning yourself to benefit from potential future appreciation in property values.
Options for refinancing
One of the standout advantages of buying a home now is the possibility of refinancing your mortgage when interest rates drop further. When you refinance, you essentially pay off your current mortgage with a new one, and this can result in a few different benefits for you as the homeowner. With a lower interest rate, your monthly mortgage payments are reduced, which can free up more of your budget for other financial goals. It also means that you’ll pay less interest over the life of your loan which can amount to substantial long-term savings. Sometimes, homeowners can also choose to refinance into a shorter loan term, such as switching from a 30-year to a 15-year mortgage. While this could increase your monthly payments, it can help you pay off your home faster and save even more on interest.
Enjoy stability and community at Wilkinson Homes
Owning a home provides a sense of stability and community that many people value. You can establish roots in a neighborhood, get to know your neighbors and become an integral part of the community, and making the choice to buy a new home today is a decision that could bring both immediate and long-term benefits to your life. If you’re ready to take advantage of the current market conditions and explore the possibilities of homeownership today, give our team at Wilkinson Homes a call at (610) 274-8283 or fill out our online form to get started.