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    • Home
    • About Us
    • MOVE IN READY HOMES
    • Plans & Design
    • GET PRE-QUALIFIED
    • The Seguin Community
    • Own vs. Rent
    • Contact Us
  • Home
  • About Us
  • MOVE IN READY HOMES
  • Plans & Design
  • GET PRE-QUALIFIED
  • The Seguin Community
  • Own vs. Rent
  • Contact Us

Benefits of Homeownership

Long-Term Investment

The high cost of rent means that paying a monthly mortgage is often comparable or even cheaper than renting a home. Homeownership is a great investment because it is a method of forced savings. When you buy a home with a 30-year mortgage and make monthly payments, you will own a home to sell at the end. If you rent a property for 30 years, however, you won’t ever get any of your monthly rent payments back.

Low Interest Rates

Interest rates are still competitively low. So, now is a great time to purchase a home and take advantage of low rates. Locking into a low 30-year mortgage rate today could save you hundreds of dollars each month for decades to come. When comparing the benefits of owning vs. renting, you will find that many of the current rental rates are higher than a mortgage payment, and you do not get the advantage of a yearly tax deduction.

Gain Equity

Home values have risen and are expected to continue rising in the future, making homeownership a profitable long-term investment. Increasing property value means that money you spend on your home will provide significant returns in the long run. And, every time you make a mortgage payment, a portion of that payment pays your loan down each month, giving you more equity in the home. 

Tax Deductions

Enjoy short-term savings via annual tax write-offs and mortgage interest payment deductions. These deductions often amount to significant savings, and they are of course not available to renters. Owning a home will allow your family to make monthly payments towards your own asset instead of increasing your landlord's wealth. 

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