Is Buying a Home Worth It?

by Patricia Braithwaite 12/01/2019

Photo by Monkey Business Images via Shutterstock

While homeownership often gets referred to as the American Dream, when you purchase before you are prepared, the consequences can be dire. Here are a few reasons you should buy a home.

  • You feel certain. Buying a house is a huge step. It’s sensible to be cautious when making such a substantial purchase. You’re taking on added responsibility and the ongoing cost of upkeep. But, when you're ready financially, it's an excellent step to take. Ownership can provide a sense of stability and security that sets you up for future financial success.
  • To build future equity. The best thing about owning a house is that it builds equity. Rather than tossing money away on a lease payment every month, you are paying a portion into your home’s value. Later, when you sell your home, some of this value returns to you. Be mindful, though, that housing markets only offer the guarantee of unpredictability; so housing values fluctuate widely over time. Once your home is paid off, you save yourself that monthly outgo — an excellent strategy for retirement.
  • Your employment is secure. If you believe your position is certain and that you’ll stay in your present job — go ahead and buy a home. Having that sure income helps you stay on budget, make your mortgage payments, and build future equity.
  • To access tax breaks. You can deduct a portion of your interest from your income and reduce your tax liability.
  • Stability for your family. Frequent moves and uprooting your family is usually less than desirable. Owning your home in the right school district and neighborhood gives everyone in the household a sense of stability.

Owning a home offers people a level of security. Putting down roots in a location you own can bring stability to you and your family. There’s also the sense of community that homeownership offers.

When you’re ready for the stability and advantages of homeownership, reach out to your real estate professional and begin settling into the perfect community for you and your household.  

About the Author
Author

Patricia Braithwaite

Braithwaite Realty Specialties Marketing and Sales in the NW Atlanta areas of Cobb and Paulding Counties specializing in both Commercial, Land and Residential properties as the Listing Agent and/or the Buyer's Agent While serving the real estate needs for the great people of NW Atlanta area for more than 20 years, Pat and her Assistants have met and helped many wonderful people. It has been their privilege to help others take their families, their estates or their employees to the next stage in life, obtaining their future dream.

As a Realtor and a Professional, Pat has used her targeted resources to help Buyers and Sellers make valued decisions and move forward with their Real Estate goals and needs. Beyond her many years of helping local Buyers and Sellers reach their dreams, she is a hard working Broker, highly involved with each Client and Sale.

As a highly ranked Rainmaker on Active Rain, a CDPE (Certified Distressed Property Expert) and an ePRO Specialist (National Association of Realtors Marketing Certification) and her active partnership with 11Alive - Marietta, she keeps her interests and knowledge sharp and current. Some of Pat’s professional Community accomplishments include Founding President of the Rotary Club of Dallas, 2015 Member of Rotary Club of East Cobb, Founding Board Member of the Paulding Education Foundation and the Foundation's original Scholarship Foundation Chairperson. In 2006 she was honored with the Atlanta Commercial Board's Multi-Million Dollar Achiever Award.

During the Recession, she turned her focus and abilities to match Buyer and Seller homeowner needs and together, they made major progress through hard work and success, reaching multi-million sales per year. Yes, the Buyers and Sellers worked hard through this process also… and through teamwork and targeted efforts, they succeeded. Now the market has recovered for both Residential and Commercial. Pat and her team reorganized and focused to help both markets achieve their goals for their exciting new future.

Pat loves utilizing her previous years of experience in the corporate world in Sales and Marketing to help her wonderful client base succeed with their goals today. She looks forward to meeting and helping you also.

-Braithwaite Realty