The Best Reasons to Own a Home


Real estate has had stable growth, even in the worst part of the recession. According to the Federal Housing Finance Agency, real estate moves in cycles but has consistently appreciated.

Low Mortgage Rates

It really is a buyer’s market. Mortgage rates are currently around 4 percent, lower than they’ve been in years, and if they decrease after you’ve purchased a home, you always have the option of refinancing!


Security and stability are incredibly important to families. Staying in the same neighborhood lends you an opportunity to provide social and educational consistency for your children, and also to make valuable connections within the community.

And if you have a fixed-rate mortgage, you’ll also benefit from the stability that you could not have by renting; while rent rises over the years, your mortgage payments will stay the same.

Freedom to Customize

When you buy a home, you’ll be able to have each room exactly the way you want- call it pride of ownership. Knock down a few walls, build an extension, paint the kitchen black- all things you won’t be able to do while renting unless you have an extremely lenient landlord.


Think of it this way: you could be paying rent every month and never see that money again, or pay a monthly mortgage and build equity in your home. It’s a savings plan that, more often than not, leads to gain when you’re ready to sell. There are also tax benefits to consider. You can deduct mortgage interest, property taxes, and other costs associated with purchasing a home.

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