There’s no denying that the path to homeownership takes work. There’s the saving for a down payment, maybe fixing less-than-stellar credit and figuring out how to balance bills and existing debt (hello, student loans) with a mortgage payment. Like most, the feeling of accomplishment you had on the day your agent handed you the keys to your new home made all the hard work of saving and sacrificing pay off.
If you’re wondering if home ownership is for you – you’re in luck. June is the interest rate on your mortgage. Your home’s equity may allow you to refinance at a lower interest rate, clear any unwanted debt, or expand or update your home.
Build safe communities. Play an active part in your community and show some neighborhood pride. Reach out to your neighbors to organize a summer block party that invites the entire neighborhood to the fun. It’s a great way to get to know one another and make friends – plus, neighbors can look out for each other, which can deter crime.
Take control. Feeling like you need a change? If you rent, you’re limited to modifying your place to make it your own. When you own, your home is an empty canvas. Make home improvements, add on an addition, and build an outside patio – it’s up to you!
The bottom line? When you’re ready, there are many great benefits to homeownership, but it’s not a decision to be made lightly. A RE/MAX agent can use his or her knowledge of the market and your personal situation to help you decide your next move.
