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For first time home buyers, this is a common question that is either asked or going through their minds. Hopefully I can give you some helpfull information to this question. Lets think of the reasons why people rent, and please add a comment so I can hear some more reasons.

Renting

1. Don’t know where I will be living over the next few years.

2. Cheaper for me to pay rent then owning.

3. Cheaper to live in an area I like.

Now lets talk about why you want to buy:

1. Putting money into a investment for the future.

2. Having control over the place I call home.

3. I can deduct the interest I pay each year.

4. I can make the home into my style.

Which category do you fall into? Anyone can buy a house with the proper plan in place on how to accomplish it and their true passion for it. You might not get to purchase now……but maybe it will take 3, 6, 9 or even 12 months, if you truly want to be a homeowner and ready to take the steps towards the finish line.

Just a few more things, consider your home value over time will increase and rents typically increase. Home value increase is money in your pocket and rent increase is money in someone else’s pocket. Even though your monthly mortgage payment is going off to a lender, some of it is still going to you were as with rent, that check is going into Joe Smiths bank account.

Now home owner ship is definitely not for everyone as we have seen over the past 2 to 3 years during this market. If you feel like taking on the responsibility of home ownership and plan on owning your home for at least the next 5 to 30 years, then grab that home of your dreams.

Think of anything else or have any questions, look forward to hearing from you.

Hope this helps, Have a glorious day!