If you’re planning on buying a home in Raleigh soon, you’ve probably already started weighing the pros and cons. While buying a home is a huge transaction, and an even bigger investment, it will improve your lifestyle, finances, and overall well-being for years to come.
In fact, there are a myriad of benefits—both financial and emotional—you can expect to receive after you’ve closed on your home. Some of these perks might even surprise you!
Let’s take a minute to explore the three big ways owning a home is going to change your life for the better.
It Will Improve Your Finances
For many years, owning a home has been considered one of the biggest parts of the American Dream. As such, it’s no surprise that it can help you improve your finances for the long-term.
Look at buying a home as making a big investment. In truth, it’s also a forced savings account. When you pay off your mortgage, month-by-month and year-by-year, you’re building equity. Eventually, when you pay off your mortgage completely, you’ll own your home outright, as well as all the equity you’ve put into it.
When you live in an area that’s constantly in demand, much like Raleigh, you can expect your home value to increase substantially long after you’ve purchased it. What does that mean for you? More money, increased savings, and a secure financial future.
And Increase Your Net Worth
On average, a homeowner’s net worth is usually about 44 times that of a renter!
Plus, owning your home means more stability. If you opt for a fixed-rate mortgage, you won’t have to worry about constantly increasing rent payments every year!
It Improves Your Quality of Life
Owning a home means so much more than just having a place to sleep at night. It guarantees stability, shelter, and long-term happiness! After all, your home is so much more than just a house: it’s a place where you go to feel comfortable, safe, and protected.
In that spirit, here are some of the biggest emotional perks that come with owning a home in Raleigh.
Community Involvement
When you own a home in a community, you’re truly able to put down roots and invest in what’s going on. You also have a network of neighbors and friends to depend on when you need help.
Lifestyle Security
There are a number of unique benefits associated with owning a home! For example, homeownership may have a positive impact on a child’s education, specifically in math and reading.
Homeowners are also more likely to have substantial health advantages over renters.
Creative Freedom
You have complete freedom to decorate and upgrade your home as you see fit! Whether this includes unique paint jobs, tearing down a wall to create a more open floor plan, or installing a pool in the back yard, you can do whatever you like!
Ready to Buy a Home in Raleigh?
We’re ready to help. At Linda Craft & Team REALTORS®, we possess a unique expertise when it comes to the greater Raleigh real estate market. Feel free to browse our complimentary home-buying resources and guides, and let us know if you have any questions.
Give us a call today to learn more about the Linda Craft & Team Advantage!