Owning A New Home Is Better Than Renting

Renting may seem like an easy and quick solution for your living situation. However, there are so many advantages to owning a home in the Montgomery Alabama area that you may not be aware of. The cost of renting a home is increasing throughout the country, it seems every time you sign a lease the cost goes up. Thankfully, interest rates are at an all-time low for new homes in Montgomery. If you are thinking about buying a new home, now is the time to make your move.

Throughout history, the dream of owning a home has been prevalent. The price of owning a home is falling, while the rental rates continue to rise. Right now is the best time to make the move to owning a home. In many cases owning your own home is cheaper than renting one.

If you are still not sold on the prospect of being a homeowner, here are a list of reasons that may help you.

Improved Energy Efficiency

Goodwyn Building offers some of the most energy efficient homes you can buy. Our list of energy savings features saves you money on the short term and even more over the long term of owning your home. When you rent a home, you don’t have a great deal of say about how the space is insulated or if there is air conditioning. Thankfully, when you build a new home, you get to make conscientious decisions about your energy usage. Making a simple upgrade to a new HVAC unit can improve the energy bill. Everyone could use energy savings! If you want to really lower your bills, installing solar panels are extra efficient. Not only will your wallet thank you, but you will be giving back to the environment too.

You Get to Make Your House Your Home

Landlords don’t usually allow tenants to paint, rip up carpet, or do any other customizations to their home. When taking on a home building project, you can do anything you want. You can paint the living room a bright orange and the bathroom red. There is no one telling you what you can and cannot do to your home. You can hang as many pictures as you want too. Watch how quickly your deposit disappears when you have too many nail holes in the walls.

Home Ownership Helps with Saving

A new home mortgage is a big reasonability as it goes on your credit report. Many families are in the habit of setting aside money to pay their payment each month. The money goes into an investment. If you should decide to sell in the future, you can walk away with a nice chunk of change.

Never Talk to A Landlord Again

Remember all those calls to the landlord trying to get something fixed? When you own a new home it is new and like anything new it comes with a warranty so getting something fixed is easy. When you own the home, you can make the calls and get things done when you need them and not when the landlord decides to return your call. You get to control the quality of the home improvement and how fast it gets done. No more chasing a maintenance man trying to get that leaking sink repaired.

No More Rent Increases

In many cases, rent will increase with each new lease you sign. If you have a fixed-rate mortgage, your payment won’t go up. Goodwyn is offering 0% down on certain quick delivery homes and many of their homes the down payment is 3.5% down. Consider this, the 2014 census put the average rent payment in Montgomery at $814 a month. Compare this to a $760 a month payment for principal and interest for you own home not an apartment.

Tax deductions

Being a homeowner gives you a plethora of tax deductions. Let Uncle Sam pay you for a change.

The benefits of owning a home are apparent. It’s time to make the move and become a homeowner today. Goodwyn Homes makes it easy to get into your first home. All of the benefits listed above can yours. With interest rates at record lows, now is the time to make a move.

By Goodwyn Building 8-26-2016