Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Advantages of Buying a Home over Renting

By Ashoka Lion Subscribe to RSS | July 16th 2012 | Views:
loading
 
  



It is the dream of every American to own a home. There are various advantages of owning a house than living in a rented property. Financially, it can prove to be a good decision as you do not have to bear the burden of ever-increasing house rent every year. Additionally, there is a emotional component to owing a home that provides you with the feeling of security and pride, and many recent real estate market statistics indicate a large number of Americans prefer buying homes than renting. There are endless advantages of owning a home. Some of them are as follows:

Ownership and Security: The best advantage of buying a home is the ownership that provides you with the right to use it as per your choice (subject to deed restrictions and association guidelines). You are free to upgrade your home according to your choice and also have the right to rent it out to earn an income and even sell it away to get profitable returns. Homeownership provides you with a feeling of security as well.

Freedom from landlord: Homeownership also provides you freedom from landlords and all the hassles related to abiding by the rental agreements and lease renewals. You also get freedom from taking your landlord’s permission each time you wish to remodel your home or replace fixtures to suit your needs. Thus, owning a home provides you with the right to personalize your home to enhance its visual appeal and make it look like the home you have always dreamt of.

Increases Home Value: The value of a home can increase in the long run. The facilities available in a specific location such as schools, shopping complexes, parks, etc. act as important factors in enhancing the value of a house in the long run thus making it more profitable. There are many homeowners in Dallas and Houston who owned property bought in areas that are being redeleveloped. For example, areas like the Midtown area, East Downtown Houston, Montrose, and the Heights in Houston , will have hundreds of owners who bought property in those areas years ago that the present worth of their home is much higher than what they purchased it .

Better credit ranking: Purchasing a home enhances your credit score significantly thus helping you build equity in the long run. When a homeowner pays his mortgage on time, it provides him with an impressive credit ranking; unlike renting that limits your credit scoring opportunities.

These are some of the advantages of owning a home. Buying a home is one of the most important decisions that you can make in life. Most often, homebuyers are apprehensive about buying a home as they are not confident if the decision of purchasing a home would be the right choice for them. There are countless advantages of buying a home. In order to decide whether you would like to experience the pride of ownership, you should take into consideration the affordability of the home as well as your financial condition.

Ashoka Lion - About Author:
Jay Raman is the managing director of Ashoka Lion, a Houston and Dallas area property management firm Jay and his team have been in the investment property and association management business for the past 6 years and manage over 160 residential (single family home) properties in Houston and Dallas as well as several associations. To get more great articles or ideas, you can also visit Ashoka Lion’s Website, Facebook, or Twitter Account. visit: http://rental-property-management.ashokalion.com/

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/real-estate-articles/advantages-of-buying-a-home-over-renting.htm

Related Real Estate Articles Subscribe to RSS

Welcome good tenants to your property by choosing the convenient way of screening your tenants
Published by Pamela Walker on March 15th 2012 | Real Estate
Landlords and property managers should understand that bad tenants can give them sleepless nights. S...
 
Online estate agents to sell your property
Published by Matthew Watson on April 29th 2012 | Real Estate
Using an online estate agency will allow property owners to perform the majority of the sales proces...
 
Why one should invest in property in Greece?
Published by Greekexchange on January 10th 2012 | Real Estate
Greece is one of the most beautiful places in the world; people from all over the world visit this c...
 
Building a "Buy to let" property portfolio
Published by Jordan Beard on May 9th 2012 | Real Estate
Investing in a portfolio of rental properties in desirable areas throughout the UK is a sure fire wa...
 
Perfect investment destination with Port Washington property
Published by Jack Smith on June 18th 2012 | Real Estate
Investment should be wise and it is well supported by return and your budget. Port Washington homes ...
 
Locate a property in Kolkata of your Choice
Published by Simmie on November 30th 2011 | Real Estate
Looking for a property in Kolkata? Ever looked up a classified ads web portal in the property sectio...
 
Guarantee continuous income with sensible property investments
Published by Sophia Milller on December 13th 2011 | Real Estate
There are so many places where you can invest your money. Buying assets is the best thing to do when...
 
Invest on Penang property to enjoy financial security in future
Published by Rick Foster on January 19th 2012 | Real Estate
Everyone out there wishes to secure their future in terms of finances and investing on the property ...
 
The Roller Coaster Ride of Rental property Dubai
Published by Mark Castellino on December 1st 2011 | Real Estate
The best way to start up any business in Dubai is to find out the best location first then go for th...
 
Hire estate agents Marlow for smooth property deals
Published by Ricky Charles on January 4th 2012 | Real Estate
Many businesses have flourished and doomed but the real estate business has somehow managed to keep ...
 
Strata property investment advantages
Published by Chris Whelan on December 27th 2011 | Real Estate
In almost every country strata management property investment is getting more popularity due to its ...
 
What a property Valuation Report Shows Us
Published by Ariel Linford on April 18th 2012 | Real Estate
Property valuation report is the best and easiest way to get a perfect and accurate value of your pr...
 
Rental property- its difficult to find without estate agents
Published by Matthew Watson on April 16th 2012 | Real Estate
A proper research of the property market, its trends and different rents in different localities nee...
 
Some things to consider for first time property buyers
Published by Jeevan Nanthan on May 27th 2012 | Real Estate
All the points mentioned above if followed aptly can surely help in taking a wise decision while buy...
 
Reasons to buy commercial property in India
Published by Mike Nicholson on June 12th 2012 | Real Estate
Although there are numerous investment avenues in India to invest in, but there is no guarantee that...
 
Hurry up to purchase your dream property in Aruba
Published by Sothebysrealty Aruba on March 16th 2012 | Real Estate
Due to an increase in the importance of Caribbean land, the real estate business in Aruba is the pro...
 
Get a good office property in Gurgaon
Published by Atul Sharma on May 21st 2012 | Real Estate
The article is based on real estate property in Gurgaon. It talks about how you can get a good prope...
 
When you’re spending it large for property it’s advisable to ease up the conveyancing process
Published by Himton Thomas on February 12th 2012 | Real Estate
If you are looking for a cheap and good conveyancing, you need to keep a few things in your mind....
 
Real Estate property in jaipur, Rajasthan
Published by Mohit Singh on May 29th 2012 | Real Estate
RealPropertyIQ has seen development in real estate but the real estate pundits proclaim by everythi...
 
Buying a home Vs Renting a property
Published by Glyn Jones on December 30th 2011 | Real Estate
Buying or renting a property has their own merits and demerits. Where renting a property gives short...