One of the top reasons to consider buying an Orange County home is monthly stability and the security that owning your own home brings. Besides monthly stability, some of the other common reasons for buying an home are:
Your Home, Your Choices
One of the best parts of owning your own home is that you will get to make all of the choices when it comes to decorating or landscaping. This freedom is also part of the monthly stability that comes with owning a home because, you will never have to consult a landlord when you want to redecorate, replace flooring or redo the landscaping around your home. Those choices will be up to you and you can make those changes or improvements yourself without having to worry about going by your landlords schedule.
Appreciation In Value
The next reason for buying an Orange County home is appreciation. The investment in your home will appreciate over time and you will be able to earn equity in your investment compared to the money that you would continue to “throw away” if you were to keep renting a condo, apartment or rental home. Although we are still coming out of the worst housing market since the Great Depression and many homeowners got burned, over time, real estate has maintained its position as one of the best held assets because everyone needs a place to live. For that reason, there will always be demand for housing and real estate will always be a great long term investment.
Owing a home can also prove to be beneficial when tax time comes and you are able to deduct the interest on your mortgage on your income tax return. Besides being able to deduct your mortgage, you will also be able to deduct your property taxes as well too, especially if it’s your first home or vacation home.
One of the most important reasons for owning an Orange County home is family stability; studies have shown that children who grow up in a home are more stable emotionally and developmentally and there’s nothing better than having your own home to come back to at the end of the day. If you’re still considering buying an Orange County home and want to view the list of available properties in your area, contact one of the top Orange County realtors at Fred Sed & Associates today by calling us any time at (949) 272-0125.