Last week we talked about why now is a great time to buy a home, but this week we thought we’d point out some of the highlights of home ownership itself. If you’re relocating to the area or are tired of renting and interested in buying your first home, there are a few great advantages of home ownership that should help you in your decision. Take a look!
1. Great Deals- It’s a great time to buy a home in the Evanston Real Estate market. Interest rates are at historic lows such as 4% rather than 6% or higher. Home prices have also softened given the current buyers market, which translates into great deals on homes.
2. Equity- While buying a home can come with some initial costs, you will make that money back over time in equity built in the home. Historically, homes appreciate by about 4% to 6% a year, so you’ll be sure to see a return on investment for your Evanston home.
3. Predictability- Most people buying in today’s Evanston Real Estate market are choosing a fixed-rate term on their mortgage. Since mortgage rates are currently low, this makes sense and can give great predictability to your monthly payments.
4. Relationships- Homeowners stay put much longer than renters, so you’ll find you’re able to build relationships with your neighbors much more easily. Getting to know your neighbors can give you that sense of community in your Evanston neighborhood and bring about a more enjoyable lifestyle.
5. Ownership- While this may seem obvious, the fact that you own your home comes with a wide variety of perks! You’re free to renovate and update your Evanston home to match your taste and lifestyle.
As you can see, there are valid reasons to buy an Evanston home! If you’re a first time home buyer and have questions about buying a home or about the Evanston Real Estate market, please let us know! We'd love to meet with you and answer any questions you may have!
I look forward to hearing from you!
Shoreline Property Advisors
@ Prudential Rubloff
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.