Are you tired of paying off someone else’s mortgage?
In many cases, buying your own home may be cheaper than renting someone else’s. In fact, buying was found to be cheaper than renting in 42 of the 50 states, according to a recent study of United States residents, which makes now the best time to get out from under a landlord by purchasing your own home.
Purchasing a home also comes with several tax incentives, including tax breaks for first time home buyers and mortgage interest write-offs. These tax incentives may not add to the amount you will save on a monthly basis, but they can help you at the end of the year by increasing your refund or lowering the amount you owe in taxes.
In addition to being cheaper on a monthly basis and saving you money at the end of the year, buying your own home also provides you with built-in savings for the future. When you rent, you are essentially paying off someone else’s home loan and helping them build up equity in their home. When you buy your own home, the monthly payments you are making will be applied directly to your home loan and will be helping you to build up the equity in your own home. Depending on your financial situation, this equity can be accessed in the future to help pay for things like upgrades to your home or college tuition for your children.
Buying can get even cheaper when you work with an experienced Bethlehem real estate agent, who can help you find the perfect home at a price that fits right into your budget. Buying a home in winter can also help to lower your home buying expenses.
As you can see, not only is buying a home usually the cheaper option, it also comes with a ton of other benefits for both you and your family!
Give me a call at (610) 428-5390 to get the search for your dream home started today!