The Dream of Becoming a First Time Homeowner

Life is full of important dates that we will remember for years to come. We celebrate birthdays, anniversaries, pet adoptions…and the list goes on. For a large percentage of Americans, this list also includes the day that first became a homeowner.  

Homeownership is part of the American Dream! It can represent accomplishment, stability, wealth, and a place our future begins. And this home is uniquely “yours.” You can customize it according to your likes and personality.

Homeownership is so personal.  This is a part of your life where you can choose the city that you would like to live, the neighborhood you would like to become a part of, choose the color of your home, paint its walls and to have the backyard of your dreams.

1.      Appreciation: On average, home prices are appreciating annually at a rate of 3.6%. This helps to create a safety net.

2.      Forced Savings: Your mortgage is like a forced savings plan! With each payment, you are reducing the principal of your loan.

3.      Home Equity: Homeownership builds equity every single month. You can later use that equity to start a business, send your children to college, etc.

4.      Net Worth: A homeowners’ net worth is 44x greater than renters! This gives you the financial freedom to invest.

5.      Stability: Rent prices increase 4% annually! A fixed mortgage payment allows you to save for future projects and guard against inflation.

If owning a home is part of your dream, contact Dawn Cleary, REALTOR 803-944-6827 to help you with the process!