6 Benefits of Owning a Home

Owning a home has many benefits, from building equity to having the peace of mind of knowing that where you live is yours and yours alone. The Lee County Association of Realtors has compiled a list of benefits of owning a home. Then, when you decide that you want to buy, we’ll also assist you in finding your new place!

The benefits of buying a home

For many, buying a home stands out as the ultimate dream. If you’re considering that option, here are some of the pros!

Building equity

Buying a home is an investment—with the idea that hopefully your house will appreciate in value over time. This leaves you with added value if or when you decide to sell. In other words, buying a home gives you a way to get a return on your investment.

When paying a mortgage, think about it as contributing back to your own investment, as opposed to paying rent, which is not an investment in anything you own.

Opportunity to tap into your investment

As an investment, owning a home gives you ways to tap into your equity should you need it. This could be in the form of a home equity loan, refinance, home equity line of credit or reverse mortgage.

Improving your credit score

Staying in line with the financial benefits of buying a home, doing so can help improve your credit score. This is especially important if you don’t already have much of an existing credit history. A well-managed mortgage can drive up your credit score by showing that you’re a responsible borrower.

Control over customization

Among the benefits of owning a home is the opportunity to make home repairs, upgrades and customization at your discretion without interference from a rental company.

Want to hang up a painting using nails? Thinking of repainting? Or do you want to redo the kitchen? When you own a home, the sky’s the limit as to how you customize it!

Lower costs over time

If you live in a rental, your rent may increase over time at the discretion of the leasing company. However, when you buy a home and put down a fair down payment, you may actually be paying less over time to live there than you would with a rental—especially if you have a fixed-rate mortgage.

Peace of mind

Owning a home is a gratifying experience that provides you peace of mind each and every day. Your home is yours—and no one else’s!

Summary

When it comes to home ownership, the Lee County Association of Realtors is here to assist you every step of the way. We are a team of experienced Realtors ready to help! So, contact us here to get started! Finally, for more tips and guidance, check out our blog.

9 Benefits of Working with a REALTOR®

Let’s start with honesty. Honestly, real estate may seem simple on the surface, but once you dive in, you realize it gets deep. These nine benefits of working with a REALTOR® may help you avoid getting in over your head!

Honest, ethical conduct.

REALTORS® are licensed professionals. As members of the National Association of REALTORS®, each REALTOR® must abide by a strict code of ethics. To summarize, expect transparent and fair treatment in all transaction-related dealings.

Additionally, your interests come first and foremost.

Objective information and input.

First of all, clients working with REALTORS® will receive non-biased, factual information on properties. REALTORS® can provide information on schools, zoning, utilities and more.

In fact, when it comes to the benefits of working with a REALTOR®, having access to their data as a resource is a huge! After all, you are making a life-changing decision—so having all the facts possible is a strong advantage.

A network of vendors.

Why waste time searching for and vetting an endless list of potential vendors? REALTORS® can easily provide you with a list of respected professionals. This includes contractors, repair professionals, staging companies, photographers, appraisers and so on.

Increased search power.

Along the lines of more data, working with a REALTOR® gives clients the ability to review the Multiple Listing Service (MLS). The MLS is a tool used by REALTORS® to list homes and find others on the market.

Often, there are properties available on the MLS that are not listed anywhere else.

Current know-how.

Rules and regulations change. When you work with a licensed REALTOR®, you can count on their up-to-date knowledge.

Expert local market advice.

Local REALTORS® know the local market better than anyone. They will know what is hot and what is not. To clarify, they can tell you to yay or nay when it comes to national trends versus what is selling locally.

Gain an expert negotiator.

The benefits of working with a REALTOR® keep getting better! Knowing you have a professional advocate looking at all angles centered on your best interests is worth its weight in gold.

Emotional support.

Perhaps one of the more underestimated benefits to working with a REALTOR® is the emotional support. Again, they are objective bystanders who get the gravity of what is inevitably an emotional situation.

They will provide an ear to listen as you work together through the in-depth process.

Expert guidance.

Finally, we saved the best for last. Working with REALTORS® ensures you receive expert guidance every step of the way!

Summary

If you weren’t sure about the benefits of working with a REALTOR®, hopefully this sheds some light! We are also here to answer any questions you may still have. Each and every member of LCAR is capable of handling any and all of your real estate needs. To find out more about us, our members and local real estate news, keep reading our blogs!