Home Ownership: The 4 Benefits You Deserve

As a first time home buyer in the Dallas suburbs, you may be wondering about the pros and cons of buying a house. Should you continue renting? Does it make sense to invest your money in a home? Are you ready to join the rank of home buyers? The best way to answer these questions is to look at the many benefits available to the first time home buyer.

first time home buyer

Intangible Benefits of Home Ownership

The first benefit of home ownership is one that isn’t easily quantifiable. As a first time home buyer, you will have:

  • A better quality of life
  • More stability
  • A greater feeling of control

Each of these comes from owning a property and knowing it is your own.

pros and cons of buying a house

Investment

Home buyers make a financial investment on their own property. Renters, on the other hand, provide income to a landlord. As you look at the pros and cons of buying a house, keep in mind that the money you spend each month is going toward your own investment rather than to someone else.

home buyers

Equalized Payments

Never again wonder what your monthly shelter expenses will be. Home buyers that choose a fixed interest rate loan will have the same loan payment for the length of the loan. A renter’s payments can go up each year at the whim of the landlord.

renting vs buying a house pros and cons

Tax Benefits

There are several tax benefits to home ownership. Two of the most important are the ability to deduct the interest paid each year and the ability to sell your home without paying capital gains taxes. Of course, both of these have some restrictions, so be sure to talk with a tax professional.

Are you a first time home buyer?

Here are some additional home buying resources for you:

At Bishop Country, we look forward to working with you as you consider the pros and cons of buying a house in Parker TX, Wylie TX, Firewheel TX, Richardson TX, Lucas TX, Sachse TX, Murphy TX, Fairview TX, East Plano TX, or other Dallas suburbs. Our goal is to guide you through the home ownership process to help you find the home that meets all your needs.

Please call us today at 972-239-9600 or fill out the form below and let us help you meet your home buying goals.

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