With today's challenges in purchasing a home, many people ask themselves, is it even worth it? As difficult as it may seem, the good news is, the real estate market is not only demanding. It is also exciting and rewarding.
Benefits Versus Efforts
Homeownership has never been a piece of cake, but if you stick with your desire to have a home and work with a good realtor, it will surely pay off in the end. In fact, many people who purchased their homes years ago say that they would still go through the process if they could go back in time or they see a property that they really like.
A Ready-Made Savings Plan
According to The National Association of Realtors (NAR), among the top financial reasons people buy homes is to build equity. When you pay your rent, you will never see that money again. On the other hand, when you pay your mortgage, it helps you build equity in your home, so it's like a ready-made savings plan.
A Great Investment
Some people purchase homes and see them as investments. With the latest home price appreciation, homeowners can leverage their equity in a number of ways. In fact, a survey from Bankrate mentions that Americans place a higher value on homeownership than on any other indicator of economic stability.
For instance, Kyle Kelly, an expert realtor in Longwood, New York, shares that in March 2022, an average of 2 homes are sold per day. See his Longwood School District March 2022 Housing Market Update here:
Having a Home is an Accomplishment
Having a home is an American dream. It even ranks higher than other major achievements like having a degree or having a fruitful career. It is more than just a place to stay, it's an accomplishment.
Emotional Benefits and Self-Expression
There is a saying, "A man's home is his castle". It is a place where you can be your true self. You can design it according to your daily habits. You can decorate it according to your favorite style. Your home is a reflection of yourself. It is your emotional haven at the end of a long day.
Leslie Rouda Smith, a REALTOR® for 35 years and the 2021 President of the National Association of REALTORS® says,
“From building personal wealth and fostering communities, to strengthening social stability and driving the national economy, the value of homeownership is indisputable.”
Want to know your best real estate options? Reach out to the best real estate agent in Long Island, Kyle Kelly, and his team - The Island Wide Team today:
Call or Text: 631-831-0912
FB Messenger: m.me/KKellyNY
Personal Email: KKellyNY@gmail.com
Team Email: email@example.com
YouTube: The Island Wide Team
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