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

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...
 
Looking to buy property in Gurgaon? are you on right track?
Published by Mike Nicholson on February 10th 2012 | Real Estate
If you’re planning to buy property somewhere in and around Gurgaon, this article is primarily mean...
 
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...
 
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...
 
Look out for the best property in Houston, Texas
Published by Brad Hermes on May 25th 2012 | Real Estate
Houston real estate market is reaching great heights in the United States. As the demand of housing ...
 
Reasons for hiring an expert real estate agent to invest in property
Published by Deepti on April 17th 2012 | Real Estate
Buying your dream home for the first time is an incredible learning experience. Today, with the help...
 
How you can buy residential property on rent
Published by Glyn Jones on June 11th 2012 | Real Estate
Apartment buildings are more complex. Often, people are already living in the suites, and it simply ...
 
Rules when renting a property in Malaysia
Published by Jeevan Nanthan on June 10th 2012 | Real Estate
This document describes all the terms and conditions about the contract in detail. In case of violat...
 
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...
 
Things to consider before property foreclosure
Published by Matthew Watson on July 5th 2012 | Real Estate
When you are to mortgage your property there are certain things that you can do to enhance the overa...
 
Assistance from a good estate agency is essential in property investment
Published by Glyn Jones on January 4th 2012 | Real Estate
The estate agents can help you with the property dealings. They can make it really very easy for you...
 
Real estate agent is helpful to find suitable property to invest
Published by Glyn Jones on January 13th 2012 | Real Estate
The estate agents can be very much helpful in finding the right kind of property or investing in the...
 
Find your ideal property in Andalucia
Published by Melissa Welsh on March 7th 2012 | Real Estate
The real estate industry is constantly evolving. One month everybody is flocking to purchase propert...
 
Why you should rent a property for your family?
Published by Andy Wagon on February 15th 2012 | Real Estate
To determine which properties are good indeed quite difficult, especially when some properties are n...
 
Get best property deals through web portals
Published by Maaya on May 15th 2012 | Real Estate
It has become a trend to buy and purchase the property in metro cities, thickly populated and it als...
 
Relying on the property solicitors is must and knowledge to be acquainted with
Published by Hemton Thomas on February 4th 2012 | Real Estate
The majority of people put their property on the market with property solicitors....
 
The contribution of property management companies of Dallas
Published by Nishaidhijames on August 10th 2012 | Real Estate
A city which is located on an area of 343 square miles with about 1,299,543 of population and also t...
 
Port Washington property a true place to gamble your money
Published by Jack Smith on July 17th 2012 | Real Estate
People are ready to gamble their money, but everybody wants to make good money from their investment...
 
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...
 
Estate agents can help in investing in right property
Published by Margett Helms on May 5th 2012 | Real Estate
Estate agents play a key role in dealings of property. The majority of house sales in London are mad...