When you’re starting the process of selling your home, be prepared to see your home in a whole new light.A really, really bright light. That’s because buyers will notice all the great things

Dated: August 2 2017
Views: 369
There are five important reasons why, if you’re a millennial, you should stop paying rent and consider buying your own house.
1.By paying rent, you’re paying someone else’s mortgage anyway. The money that’s coming out of your account is paying off the home someone else purchased. Paying a mortgage is the same thing as paying rent, but the difference is you own stake and equity in your home.
2. Someone else is making money off of you. The national average increase in equity in your home every year is 3.4%. By paying rent, you’re not able to appreciate that appreciation. Getting your own mortgage will help you keep more money in your pocket. In the long run, it’ll help you get ahead.
When you own your own home, you can make it unique to your personality and lifestyle.
4.It doesn’t cost as much as you think to own a home. You might be paying more for rent right now than it would cost you to own your own place. My wife and I pay $1,350 a month for our mortgage, and we own our townhouse. Our neighbors pay $1,700 a month to rent the same exact thing. We’re saving $350 just by owning our home.
5. There are different programs available to help you afford a home. Hardly anyone pays a 20% down payment anymore. We only put a 3% down payment on our home to secure our $1,350 monthly mortgage payment. You can talk to your lender or reach out to us if you want to learn more about the national programs available for down payment assistance.
If you have any questions about this or any other real estate topic, please feel free to give us a call or send us an email anytime. We’d be glad to help you on your home buying journey.
Julie Baldino is a seasoned veteran of the Pacific Northwest real estate industry, and has consistently been in the top 10% in sales for over a decade in 2 states. In order to accommodate a rapidly ex....
When you’re starting the process of selling your home, be prepared to see your home in a whole new light.A really, really bright light. That’s because buyers will notice all the great things
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Today I’m going over the five upgrades you should avoid when preparing to list your home. If you’re looking to put your home on the market, there are probably some projects you have