Home ownership – an integral part of the American dream - is the "dream that never dies." Despite a difficult economy, the dream of home ownership is alive and well and living in the hearts and mind of potential home owners. Actually, there are plenty of reasons to continue to live the dream.
Heart's Desire
Home ownership starts in the heart. The need for home and family is at the core of our being. If you are located in eastern Canada, you can even buy a home in Heart's Desire or live at your home at in Heart's Content.
Low Pricing
When house prices are at their lowest, it is the perfect time to pick up a home. Whether you are buying for the first time, moving to a bigger place, or planning an investment, buying during favorable conditions is a wise move.
No Mistake
Buying a home is hardly ever a mistake - if the buyer is aware of and prepared for the real deal. The smart home buyer checks into all important details before buying a home. They review the condition of the property and state of the neighbourhood as well as their financial obligations. When home buyers are ready for home ownership, only unforeseen circumstances can wreck their "perfect home."
Home Equity
Home equity is an invaluable asset. Home owners hope to benefit from that equity in the future. Having home equity beats paying rent - where you are just helping to feather someone else's nest.
Better Deal
According to recent studies, home owners, their families, and the community do better with home ownership. People who buy a home have a substantial investment and, according to research, better health. Children do better in school and communities grow and benefit from the participation and involvement of the home owners in the neighbourhood.
Long Term Gain
Home ownership is a long term commitment but there are long term gains for the home owner. And actually, little pain in the process, when you consider the comforts of home! It helps home owners to think of ownership in the long term. That perspective gets them in the frame of mind to live within their means and contribute to their savings.
Investment
Sometimes people buy homes as an investment. Even then, home ownership should still be seen as a long term investment. For the maximum investment possibilities, do not view home ownership in the short term.
Although many investors think about 'flipping' homes, sometimes you have to stay longer to make it pay for you. It is wise to look at buying a home as a 7-10 year investment. As well, there are tax deductions for home owners, but buyers need to be aware of the type of savings.
Home Sweet Home
Home ownership is about feelings and emotions. Of course, potential home buyers have to temper these thoughts with reality. Home ownership involves mortgages and maintenance.
You can't go to sleep in this dream. A home buyer has to be on their toes. They have to see things in the cold, harsh light of day. If home buyers are prepared for the deal, they can live the dream in their home, sweet home.
Are You Dreaming Of Home Ownership?
Image courtesy of enewhomesandliving.com