Is buying a home the right choice for you? Do you really feel that buying is better for you than renting in Gunnison Valley, CO? In fact, that’s often the case as long, as you are at a point in your life where you can afford to buy and will have a large enough down payment. Let’s look at some of the great reasons to buy a property now.
Naturally, when you are paying your mortgage, you are paying toward something that you will actually own. When you are paying rent, you are paying your landlord’s mortgage instead. Buying a home allows you to build equity in the property, which you can then use later if needed. Another benefit of buying is that you can deduct your mortgage interest and property taxes, which is something that renters are unable to do. This is another way to save some money.
Of course, one of the biggest benefits of buying a home is that you will have more control over what you are able to do with it. If you want to paint the walls or change out the flooring, you can do it. You can make changes far more easily. Granted, you might need permission to do some things if you have an HOA, and if you want to make additions, you will need to go through the proper channels. You have more options with maintenance as well, although it does mean you will be the one who has to choose, call, and pay for the maintenance and repairs.
Owning a property is a great option, and it could be far better for you than renting is right now. If you feel you are ready, get in touch with a real estate agent and start looking for properties in your price range right now.
Resource: http://www.zillow.com/home-buying-guide/rent-vs-buy/