Ask several homeowners the reason why they bought their properties, and you will receive a variety of different reasons. You will find that many of them based their decisions on financial reasons, such as wanting to avoid rising rental prices, seeking to take advantage of the tax benefits, or they desire to build up equity for a nest egg during retirement. Yet there are many emotional factors that may be the real reasons why a person decided to own a home, as we have listed 4 of those reasons below.
Need More Space for a Growing Family
As your family grows larger, you simply need more space. You could be running out of room for the spouse, the kids and all of your pets in your old place. Purchasing a house will allow you to pick the right place that will offer enough space for your present and future needs. It also provides you with more options in changing the home so you can have enough room for your entire family.
Have More Freedom to Do Whatever You Want
Unlike an apartment or rental house, you can’t knock down a wall if you want to have a more open floor plan or when you want to build an addition because you have an elderly parent who needs personal care. Buying a property allows you to renovate it to your heart’s content. You can have all the features and amenities you want that will fit into your lifestyle. You can remodel the home to fit into our interior design style while gaining the peace and comfort you desire.
Obtain Long-Term Stability and Security
When you find the neighborhood that feels right for you, you don’t want to leave it. Owning a home allows you to become a part of the community, as you build social relationships that can strengthen the neighborhood. You are also able to move to an area that offers the best of what you are looking for in shopping, schools and employment stability.
You Get to Have More Privacy
Another great aspect about buying a home is that you don’t have to deal with other tenants or landlords any longer. Your family won’t have to listen to loud banging noises from other apartments, or yearly inspections conducted by the landlord who is peeking into every nook and cranny of the rental home. You finally gain the privacy you desire that cannot be found when you rent a place to live.
Homeownership May Be Right for You
There are many valid reasons why you may want to buy a home. Homeownership can be a big lifestyle change and an emotional investment. Think about the reasons why you are looking to buy a home, then consider all the advantages and disadvantages. Sit down with the entire family and discuss your options. Then speak with an experienced realty company that can help you obtain financing and search for a property that will fit into your needs as well as your budget.
Call your Bend Oregon Realtor today.