Linda Rossi – May 11, 2020
There are lots of great reasons to buy a home.
The reasons you’ll usually hear are practical and financial ones like:
- Appreciation (grow your nest egg/investment)
- Mortgage Interest and Property Tax Deductions (especially where it makes sense on a higher-end/jumbo loan home)
- Exclusion from Capital Gains
- Prices are Attractive/Bending toward Buyer’s benefit
- Mortgage Rates are Low
These are all very good reasons! But, as I read recently, if financial considerations were the only motivator, we’d all “Buy Low/Sell High” every single time. We don’t do that. I mean, sometimes the circumstances are just right for us to do that & that’s fabulous! But mostly people buy homes for the following reasons:
- Family is growing/need more space
- Just want a nicer house
- Renting now & tired of contributing to landlord’s equity w/no personal gain
- Be closer to work, work location changed, etc
- Get child into a desired school or district
- Move out of a condo to have more control over property
- Move into a condo to have less responsibility for maintenance
- Downsizing
- Want to be closer to shops/restaurants/services
- Want to be farther away from the hubbub of activity and traffic
So… all of these reasons revolve around making your Life better. That’s why I always say I help people change their lives through buying or selling real estate. Its just what its all about ; )