5 Benefits That Come Along With Homeownership

Deciding to buy a home is one of the biggest decisions a person makes in his or her life. Along with the great responsibility that comes along with investing in a home, a buyer can reap great rewards. From the ability to express yourself to building equity, there are a number of benefits that go hand in hand with owning a home. Your trusted real estate agent at the Lake of the Ozarks has put together some of the benefits of homeownership.

1. Taste Flexibility

Many times when renting a place to live, you are not allowed to paint the walls, which can prevent a space from feeling like your own. When you own a house, you can decorate and paint your space to help express your personal taste and style. Some landlords do not allow their tenants to hang décor on the wall, which can put a damper on creating a space that is your own. Putting personal touches into a new house can help it feel like a home.

2. Build Equity

As you make your monthly mortgage payments, you are building equity in your home. Instead of paying someone else’s mortgage, like you would with renting, you can put your hard earned money toward your own property. Once you have paid off your home, you still have a place to live and call your own for as long as you wish to stay.

3. Stable Price

When a person rents, the price of the monthly payment can change over time. If you change locations when renting, the price will likely be different than the previous rent amount, which you were used to. A mortgage payment is established when you purchase a home, and it stays consistent until the home is paid off, unless you refinance at some point. Knowing your set mortgage amount due can help when it comes to creating a monthly budget.

4. Gain Pride

A homeowner can be proud of their investment. Many people work toward homeownership and take pride in the space they chose and purchased for their family. A homeowner should be proud that they are helping to provide a safe place for their family. Not everyone is fortunate enough to own a home and should be a task in which you can take pride.

5. Establish Roots

Buying a home can help create a stable environment for your family. Children tend to do better in school when their parents own a home and do not move to a new location every year. Help your family establish roots in a community to grow, starting with the solid foundation of homeownership.

Now that you know more about the benefits of owning a home at the Lake of the Ozarks, you are ready to start your search. Investing in a home is a major decision that offers a number of benefits. To have the best home buying experience, a professional real estate agent in Lake Ozark, MO can help you find the right home for you and your family. Contact me at 573-280-0484 to start your home buying process today. 

Susan Spica
Professional REALTOR®

BerkShire Hathaway HomeServices
101 Crossings West, Ste. 202
Lake Ozark, MO 65049

Office: (573) 365-6868
Susan's Cell: (573) 280-0484