It’s time to go big in life. It’s now time for you to buy your own home.
Now is the perfect time to go bolder and follow your dreams. Owning a home is so much more joyful than you think. To give you an idea as to how fulfilling home ownership can be, we’d enlist ten of the most undeniable joys that it offers. Read on and get ready to re-familiarize yourself with joy.
But first, on joy…
Joy came from the Latin word ‘gaudere’ which was later used in Old French as ‘joie’ which means rejoice. Truly fitting to homeownership, there is much to be rejoiced and celebrated when one finally owns a home. Joy is a feeling of great happiness and pleasure and it is something that you will truly find if you’d decide to own a home today.
10 Undeniable Joys of Owning a Home
Joy #1: Savings
You will experience solid joy in homeownership because you’d get to have more savings. This is because you’d no longer have to pay rent. Yes, no more rent. Forever. Don’t you want to live a life without one? Once you already own your own home, everything that you’ve been dedicating for rent can now go directly to your savings. A savings account that is yours. When renting, all your could-have-been savings go directly to your landlord’s bank account. But with owning a home, all such rent money will go directly to your account alone.
Joy #2: Stability
You will get so much joy from owning a home because you will no longer have to second guess if your earnings will ever be enough should your landlord suddenly decide to increase rent. Such is a constant pain when it comes to renting. Your landlord can all of a sudden decide to increase rent and you have no choice but to scramble and figure out how you’d make things work. You’d never have to stress or worry about such if you’d own a home. Your mortgage payment will always be the same for years to come. You won’t be surprised by a sudden increase in payment. You can fully relax and be in control of your budget for years to come.
Joy #3: Equity
Equity is such a popular word in the real estate industry. Equity is loved by many, if not all because it helps you earn more money. Equity is the value of your home minus the amount that you owe on your loan. It can increase when:
- the value of your home increases
- you pay for your home for longer periods.
Your equity will increase ever higher the longer that you own a home. Its value can even triple if its value in the market increases. This is something that one can always safely expect in the real estate industry because real estate prices always increase over time. Experts in the Australian real estate industry even expect a massive increase in market value in the next two years. So if you’ve been wanting to buy a home, the best time to do it is now. Do check out the best house and land packages in WA by looking at options offered by Residential Building WA.
Joy #4: Freedom
You would totally be joyful if you’d own a house because you’d always be totally free. You will no longer need to contact or schedule a meeting with a landlord because you own your place and you need no one’s authority whatsoever if you want to do something. You can choose any kind of design and furniture that you prefer.
Joy #5: Tax Advantages
You’d be so much happier as a homeowner because you’d get to enjoy numerous tax benefits. You could deduct your monthly mortgage payments on your income return and you could even take advantage of preferential tax treatments.
Joy #6: Superb Investment
You will feel a different sense of fulfillment and joy upon buying a home because it will allow you to have a solid investment. Homeownership offers a better return on investment if compared to other properties like cars and gadgets. Cars and gadgets depreciate while a home will simply keep on appreciating.
Joy #7: Credit Building
Owning a home is the easiest way to build your credit. If having a solid credit score will make you happy, then owning a home is definitely the way to go.
Joy #8: Choice of Location
The journey to homeownership is extremely joyful because you get to choose your preferred location. It’s better by leaps and bounds if compared to renting because you absolutely have no choice when it comes to your neighbors and the already existing community. With buying a house, you get to choose where you’d settle. You get to truly decide on the kind of neighborhood and community that you wish to belong to.
Joy #9: Pride of Ownership
This is one of the deepest joys that homeownership provides — pride of ownership. With a home of your own, you’d get to fully take pride in the life that you’ve already built and created for yourself. You get to fully see how far you’ve come. And if that’s not joyful for you, then I don’t know what is.
Joy #10: Security
This is the most important joy that owning a home will offer. With a house of your own, you can always sleep soundly at night because you know that you and your loved ones will always have a place to live in. You will always feel safe and secure if you own a home.
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