Stop Renting, It's Killing Your Soul
Long-term financial decisions are something that adults have to make, and the choice to rent or buy a home is one of the most important.
Sometimes the complexity of buying a first home can make it difficult, especially for millennials, to determine whether or not it would be a good deal. However, according to Trulia, rental costs are currently rising at a faster rate than home prices, and in many cities rent averages the same as a mortgage.
This means it’s just plain smarter to buy a home. If you’re going to pay relatively the same every month either way, you might as well own, because at some point you’ll STOP paying every month. You’ll own it.
More Freedom
In addition to being a chief part of the old-school American Dream, modern home ownership can give you more freedom to do what you want with your property. Homeownership offers the ability to remodel and redecorate so that you can better-customize your living space.
For example: many landlords don’t allow you to paint the walls or own pets. Renters are definitely restricted from remodeling to truly make their living space their own home. Moreover, homeownership frees you from ever having to speak with your landlord!
Financial Benefits
Unlike renting, where you continuously have to shell out money towards something that you will never own or gain equity with, home ownership allows you to save money! When comparing the investment in home ownership versus the recurring costs associated with renting, it’s easy to see how buying a home can lead to financial security.
While the initial cost may be disconcerting for some people, current low interest rates and prices make home ownership more affordable than ever. In fact, homeowners are eligible for numerous tax benefits and mortgage interest deductions that can help you save in the long run.
Think Modular
When looking for a home, it’s important to look at price, quality and appreciation. Modular construction offers all of these great benefits while also delivering beautiful and custom homes.
Modular homes are an ideal way for anyone to quickly start saving hard-earned money since they typically can be constructed in less time and for less money than traditional site-built homes.
Modular homes also offer the unique opportunity for off-site construction to contribute to a more environmentally-friendly building process that is more cost-effective and customizable. These homes are built to be incredibly appealing with responsible building materials and high-quality craftsmanship.
If you’re going to create your own home, it’s best to buy, and to make it as much your own as possible, it’s best to get a custom modular home.