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You've probably seen lots of financial arguments about why you should own your own home rather than rent. This includes budgeting (no rent increases) and the tax savings you'll most likely have. Now I'm going to give you some reasons you probably haven't heard.
1. Freedom to pursue other goals in life once the major goal of home ownership
is achieved
Strange as it sounds, many of my first-time buyers have told me that once they bought the house, other things in their life started to fall into place. It's as if not owning took so much of their mental energy that
other goals were not worked on until that big goal was reached. So buy a home and get on with your life!
2. A greater sense of belonging to the community
Once you own a home, you feel more attached to the city in which you live. You're more interested in what happens in town, to the roads, schools, and shopping areas. Some people even become involved in local politics, which you seldom see a renter do.
3. A commitment to something, a sense of stability
Home ownership is an anchor, something that cannot be pulled out from under you. You'll never get a notice that you have to move. Your kids will never have to change schools. It gives you freedom to plan years ahead.
4. You can change things, a feeling of being in control
It's your home. You can add to it, remodel it, change the landscaping, do whatever projects you want. You have a feeling of being in control of something in your life. At work we don't always have control of what
happens, but your home is y... (Read More)
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