Home ownership is something that most Americans wish to achieve in their lifetime, and indeed, it is a worthy goal. To own your dwelling comes with many benefits. While some people argue that renting gives a person more freedom, one could also argue that home ownership offers more freedom than renting. How so? These benefits of home ownership show why it is worth it.
Control Your Monthly Payments
You can’t control your monthly rent, but you can control the monthly payments on a mortgage. You can choose between monthly payments spanning 30 years to 15 years typically, and you can find ways to reduce, stabilize, or eliminate your mortgage rate.
Monthly Payments Are Limited
Best of all, your mortgage is limited, whereas monthly rent is not. You will not have to pay a sum for your dwelling space forever; eventually, the home will belong to you entirely. As time goes on, you build home equity, which you can transform to wealth later on.
Make Your Home Your Own
Rentals usually have some limitations on what you can do to change them. Your home is entirely under your control to change or keep as you please, making it fit your lifestyle and taste to a tee. You can do this even more so when you build a custom home with Shore-Line Construction!
Manage Your Home Repairs
Some landlords are better than others. If you notice something that needs fixing or maintaining in your house, you are responsible for it. You have total control over when and how you solve your home repair and who performs it. You won’t have to wrestle with landlords over fault or the urgency of the repair.
Build Wealth Over Time
As you pay off your mortgage, you can refinance your mortgage to turn home equity into cash. This is just one way that your mortgage can build wealth over time. Your home will also increase in value over time, so you can reap wealth later on if you decide to sell.
Encourage a Stable Life
Some studies suggest that families living in homes they own encourage a sense of stability, improved health, and even better school grades. The benefits of home ownership go beyond wealth and control; owning a home can truly make you feel better overall.
BUILD YOUR WATERFRONT DREAM HOME WITH SHORE-LINE CONSTRUCTION!
At Shore-Line Construction, we know that your home is a reflection of you. That’s why we strive to make each home we build as beautiful as the family who will live there. We work with each of our clients to design a home that fits their needs. The end result is a durable, energy-efficient custom home that the family will enjoy for generations to come. Shore-Line Construction has been serving our customers for over 25 years, and we look forward to the opportunity to help you!
If you’re interested in learning more about what Shore-Line Construction can do for you, check out our website or give us a call at 410-574-6623. Keep up with all of the latest news by following our blog and social media pages on Facebook, YouTube, Pinterest, and Houzz!