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3 Personal Reasons on Why We Buy Homes

View of Wilmington North Carolina from across the river

When it comes to buying a home, plenty of financial reasons make a convincing argument to make the move to buy. Financial motives like building equity, getting a tax break on your mortgage interest, and investing long term into a home simply make good sense for homebuyers. Emotional reasons, however, are really the more compelling force on why people buy homes.

More Space

Maybe your kids won’t stop bringing up how badly they need their own room or maybe you have an older relative moving in down the road. Whatever your circumstances might be, the need for space is a common reason why so many people make the move to buy their own home or upgrade to a bigger home. Maybe space is more than just the home itself. Acquiring a home with a big backyard also gives meaning to the need for more space, allowing kids more room to play and pets additional acres to roam.

Community

From being in the best neighborhoods to the best school districts, stability, safety, and security are major reasons for purchasing a home in the best possible location. Living, contributing, and being part of a strong community is also important for so many homeowners. It truly defines what “home” is – your community, your town, your neighborhood, your home.

Complete Control

Whether you a renting a house or an apartment, you live and deal with a lot of restrictions. Maybe you want to try that painting scheme you found on Pinterest. Or maybe you want to finally adopt that puppy! Who’s to say that you can’t do any of these things in your own home? Your home operates under your rules!

Whether you are a first-time homebuyer or a move-up buyer who wants to start a new chapter in your life, now is a wonderful time to think about buying a home. Contact any of our Loan Officers today to start the process!

The Down-Low on Down Payments

While a 20 percent down payment is considered ideal, it’s not actually as common as you might think, nor is it a necessity to buying a home.

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Equal Housing Lender LogoALCOVA Mortgage LLC | NMLS#40508 | (www.nmlsconsumeraccess.org)
Licensed in AL, CO, DC, FL, GA, IN, KY, MD, NC, OH, PA, SC, TN, TX, VA, WV |
308 Market St SE, Roanoke, VA 24011

 

 

 

 

 

 

 

 

 

 

 

Equal Housing Lender LogoALCOVA Mortgage LLC | NMLS#40508 | (www.nmlsconsumeraccess.org)
Licensed in AL, CO, DC, FL, GA, IN, KY, MD, NC, OH, PA, SC, TN, TX, VA, WV |
308 Market St SE, Roanoke, VA 24011