What Homeownership Truly Means In Texas?
There is a considerable difference in the experience and relationship you build with a home you are renting and one you actually own. For example, if you have a problem with your rental home, you simply complain to the landlord and like magic, the situation is resolved. No worries about homeowners insurance, saving for a roof replacement or considering the longevity of the HVAC.
But, when it comes to homeownership everything changes. Suddenly all those repairs, payments and upgrades fall on your regular expense account. You may even ask yourself if you actually want the responsibility of the landlord.
But, here is my longer answer on why you will find the homeownership experience to be most rewarding.
When you own your own home and make amortized payments (not interest only), you are not simply shelling out cash to your landlord and you are building the equity of your home. As the property values in the surrounding area also increase, the value of the property of your home also climbs higher. Through keeping your home and property well-maintained and keeping up with your regular payments, your home’s total equity will increase. Knowing that your hard-earned housing payments are improving your total worth and not just filling your landlord’s coffers is an especially satisfying notion.
Your Payments Are Predictable
When you rent a house, you have a very unstable agreement on how much your payments will be each month. When the costs of housing go p, the difference in your rent is only more riches for your landlord. But when you own a home the only thing that can change the costs of your regular payments are tax hikes and increased charges for homeowners insurance. Although, certain neighborhoods may include special assessments and homeowner’s associations that also include increased prices on a yearly or monthly basis.
Your Home Is Your Castle…A Place Of Your Own
Generation to generation teaches the value of being industrious and frugal as the optimal path to gaining the things we desire. Children and adolescents learn to save allowance and take on additional responsibilities to accumulate the resources to purchase toys, vehicles and the capacity to increase their life experience.
Home ownership is yet another step in this grand scheme of finance as you are engaged financially, mentally and very personally to your home and its ownership. If something is amiss, there is no one to complain to. You alone are responsible for maintaining and upgrading your home as well as enjoying the benefits thereof.
A home is the largest investment many people will make in their lifetime and it is important to protect this investment at all costs. In many ways, your home will be a reflection of yourself and your capacity as a responsible homeowner. It is not uncommon for homeowners to feel their home as an extension of themselves; feeling anxious when it is not well-maintained and especially proud when everything is just right.
If you are interested in taking this considerably large step into the joys of homeownership, we would love to tell you more about your options and what to expect from this new stage in your life.
We hope to create lasting relationships with our clients and continue our plans for excellent service through your future as a homeowner. Unlike some of the larger nationwide services, we value our clients far too much to ever share their information or data with anyone. This is what makes us a trusted name in the mortgage community.
To speak directly with one of our representatives, call us up at the number listed below or visit our website and use any of the interactive tools provided. We look forward to being a part of your bright future as a homeowner.