YOU COULD BE A HOMEOWNER!
What is the first thing that comes to your mind whenever you hear of Homeownership?
Owning a house or planning to buy a house is a kind of matter we must continue looking at. People are usually anxious about having their own home as a goal. Fear is essential in our lives but we have to overcome it. One of the best ways to lessen this fear is by following discipline-oriented steps and procedures that will surely lead you to a more productive and effective exploration of homeownership.
But first, where should we start doing the learning and exploration process? The internet is as vast as the people in this world, so the resources and materials you can see as helpful and manageable.
It is a must to know your WHY first.
We may hear some people speaking that to be successful in life, knowing wholeheartedly your WHY will motivate you and propel your actions and plans in grand reality.
This is somehow a no-brainer start whenever we are entering a new passion, business, or habits we want to develop. In-home buying, fundamentals, and starting knowledge shall devour you so that you can let yourself go easily with the flow and be consumed by it.
Generally speaking, how come homeownership is basically a trend today? What has gotten people to suddenly study and learn the process of it?
It’s because homeownership is encouraged and acknowledged by the government to continue spreading the influence it brings not just to individual lives, but also to the improvement of society. Homeownership is truly beneficial for individual households which gives many impressions of earning and emphasizes working on your own.
Indeed, looking through the process of purchasing a home may seem complex and hard but as life goes on, humans are capable of doing what they are curious about if the proper pursuit of learning and knowledge comes together.
We just need to continue our research and build our plan or design the outcome we want. Here are 6 ways you MUST-READ to fall in love with homeownership.
1. Homeownership provides comfort, stability, and security.
Buying a home is a good investment to start with. Not just the internal usage of it is significant, but also for the perspective of selling or starting your real estate journey.
Other than stocks, bonds, gold, and other options of investment topping the market, real estate helps you build equity and forces your savings to increase and widen your net worth.
Especially now, COVID-19 mostly hits and probably affects the market and shakes the security of every household. Stepping up into some sort of investment will surely prepare you from any uncertainties and keep your hard-earned money growing safe and stable.
2. The Rising of Home Equity mirrors your Wealth
In addition, this boost to your wealth comes in the form of equity. Equity is the value of a piece of property after any debts that remain to be paid are subtracted. In today’s real estate market, low housing supply and high buyer demand are proving a chance for home values to go up.
That is why homeowners point out a significant equity boost no matter what they are doing at the moment and let their equity increase little by little.
Opportunities are high at the moment where COVID-19 breakthroughs open up new ways of earning from an investment.
3. Physical and emotionally invested
Admit it or not, homeownership is a crucial part of the American dream especially for those people who already owned a home.
You may find yourself asking ‘On what part, homeownership is a huge American dream? How come it is one of those grandeur dreams until now?’
It is considered to be essential for every American to own a home that merely conveys several economic benefits, availability to expand wealth, and reduce the housing cost through the mortgage interest deduction. In addition, this gain gives a credible advantage for every challenge every American can face on a long-term basis.
Equipping oneself about homeownership is hard at first glance but nothing is pure work and better when you are building the foundation needed in this journey.
This portion of real estate can truly consume a great proportion of your life, thus, you have to know how much investment YOU are about to put in there, not just financially but also emotionally invested for the sake of long-term stability.
Homeownership is not just a trend for nothing. It fundamentally helped a lot of people and their households to gain their net worth accordingly. This legacy must be passed down from generation to generation and it is not impossible to start with YOU!
4. Investing Pays and Gain for your Future
One of the basic reasons why homeownership gains so much more intensity than rental business is that it has the financial power of equity.
When you are already a homeowner, your monthly mortgage or mortgage payment becomes your ‘forced savings’ or unexpected source of income where you can easily canvass and search through what business or investment streams it is best to enter. Whether it is funding for your loved ones’ education, funding your cousin’s business, or even better to start your business right away.
It is also YOU who are gaining the landlord’s equity if you are the homeowner rather than keeping yourself to be an indefinite renter.
After basic planning and saving, it’s time to let your monthly payments work for you and take the steps forward to those dreams and goals you have for yourself or your family.
Who knows, homeownership might be the best option suited for YOU as the rental prices go up and high numbers of buyers go in demand.
5. Having a strong sense of customization
One of the biggest advantages we can easily recognize when you own a house is the part of customization. You can easily change the color of the walls, the floor design, or even add a new essential part of the house according to the design you want or the desires of your heart. No one can hinder you or put some restrictions on your wants.
For it is your home you manage and take care of for the new journey you are beginning with.
It is a distinct talent or skill for one individual to discover the beauty of homeownership in this part which can easily show that he/she probably loves design and customizing or mixing things up.
But still, he/she must be always reminded to customize at best without reducing the value of the resale of the house. It is still a priority to offer its best state when it is generously kept and given reproducible protection for the future.
6. Pride sustained by ownership
Reminisce the feeling when you achieve something big in your life. As if you finally reach the star or the biggest moment to one of your wildest dreams. An unbelievable yet magical feeling.
Many people see the advantageous side of homeownership to be the biggest pride of achievement to be offered by the universe in life. It is a kind of feeling where your hard work has an equivalent reward, a feeling where your thoughts and actions finally have a balanced harmony with the biggest break opportunity you ever received.
Most likely, we did not see homeownership as rewarding enough. But practically speaking, homeownership does not simply increase your net worth. It also expands the stability and security it may bring to your family. You can use the home itself whenever you want and spend time with your loved ones on its highest and best quality status.
There is no doubt that homeownership is one of the American dreams of many citizens in this country for this kind of stability is not just a major variable in our lives but also to the growing future of our family.
Some people are already familiar with homeownership. Some are not. But this investment was not built or created just for the sake of entertainment, simple advertisement of houses, or to be equally known by the public. It is made for people who want to gain trust while building the wealth they dreamt of when they are young. It is built for YOU to enter this course and START YOUR JOURNEY RIGHT AWAY!
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