Buying a Home in Oakley Ca
Buying a Home is scary for some people as they wonder about the value. This post is about the value of Buying a Home. In the East Contra Costa County and Oakley area Buying a Home is far cheaper than renting.
For more information on Buying a Home in Oakley Ca or Beyond and to search homes on line go to Home Point Real Estate.
Even in this Fluctuating Market, There's Value In Owning a Home
Home Buyers are being cautious about buying a home because of the fear that prices are still dropping. There are values to be had, and when factoring in the loss factor of paying rent, a home buyer should just consider buying enough home to satisfy their living needs.
The initial purchase, commonly referred to as a Started Home, is usually a smaller but functional property, with 2-3 bedrooms, kitchen, living room and a bath. This is probably similar in size to a common rental unit. The essential difference, is that the owner now has an investment for themselves and their family.
Yes, there are some additional responsibilities such as yard and home maintenance, but this work maintains the equity, or potential profit, of the home. The end of month payment may be slightly larger than a rental property, but this is largely deductible from taxes at the end of the year and the rent is not. The monthly mortgage payment with a fixed rate will have very small changes if any to payments except for taxes if they are added to the payment. A renter's payments can change from 3-5% with each year, and that in itself can cause a renter to move much more frequently, and adds those costs as well.
A real difference in owning vs. renting is that owners have a much stronger sense of community than renters. Their mindset is one of pride, and it can make them friendlier and maybe even healthier.
Because of the stability of a home, children of home owners typically stay in school longer and do better in school. They are also more likely to participate in local activities and spend less time in doors in front of a television.
With the stability of home ownership also comes a stability of a neighborhood. Communities of owner occupied homes tend to have lower crime rates.
Above photo of that happy family
courtesy of Lenn Harley, Homefinders,
with a chuckle!Home ownership is a good thing. It's good for the economy, it's good for the family and it's a great way to appreciate wealth a little at a time.
Even in this Fluctuating Market, There's Value In Owning a Home
Want to get more information on available homes or condos in the Central Connecticut area? Go to my MLSPulse Home Search site to sign up for ALL Connecticut property listings!
Do you know somebody who is behind on their mortgage and doesn't know what to do? I may be able to help them, especially if they are facing foreclosure!
Visit my Short Sale Help site: www.ctshortsalessite.com
Whether looking to buy or sell, we service the Greater Waterbury towns of Beacon Falls, Bethany, Cheshire, Naugatuck, Middlebury, Southington, Thomaston, Waterbury, Watertown and Wolcott
Ed Silva RE/MAX Professionals, www.edwardsilva.com 203-206-0754
Why Home Point Real Estate?
Home Point Real Estate is your partner in Buying a Home (Free MLS Access to Search for Homes) or Selling a Home (Get a Free on Line Home Evaluation). We are a Leading Internet Real Estate Company with the tools to meet the modern online Real Estate world combined with Traditional and Personal Customer Service.
Where is Home Point Real Estate?
Home Point Real Estate is Located in the East Contra Costa County community of Brentwood we also provide service to Discovery Bay, Antioch, Oakley, and Pittsburg. Click on the Community to see Homes For Sale Now.
Does Home Point Real Estate Handle Bank Owned Homes?
Yes! Go Here to: Get the Free Bank Owned Homes Buying Guide and Get a Free List of Bank Owned Homes.
What if I am in Foreclosure, having Mortgage Trouble, or Want to Short Sale my Home?
Home Point Real Estate is the company for you! Contact Home Point Real Estate and request a Free Consultation with a certifies SFR (Short Sale and Foreclosure Resource) to see if there is a way to save your Home or to do a Short Sale and help Save Your Credit. Get the Free Short Sale information Report for Buyers and Sellers too. Click Now for Short Sale Information and Free SFR Consultation.
Can Home Point Real Estate Help me with Real Estate Investments?
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Hi Gene -
I believe it's always better to own a home over renting if one can afford it and can maintain it. It's like putting money in the bank if bought at the right price.
Hope you have a great day and enjoy all you do
Best regards from the Q