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The Top Four Reasons why it may be Time to Purchase your First Home

Posted by VIP Realty on Saturday, June 5th, 2010 at 9:39am.

The Alamo Heights real estate market is healthy and active, and it seems as if the worst of the housing slump is behind us. Interest rates are low, home choices are plentiful and real estate prices remain low. So, what are you waiting for? Isn’t it time you found yourself a little piece of the Alamo Heights real estate market? Many renters grapple with the decision to buy; and, let’s face it, buying isn’t for everyone.  However, for many renters, it just makes good sense to purchase a home in the Alamo Heights real estate market. And here’s why:

  1. A home offers you pride in homeownership – Many homeowners state that they purchased their first home so that they can enjoy a better quality of life. Along with a better quality of life comes pride in homeownership. In short, there’s something inherently satisfying about purchasing your own home. The pride and enjoyment many people get out of owning a home is a large factor when choosing to purchase instead of rent.
  2. A home is an investment – Sure, we’ve all heard our share of horror stories from the near collapse of the national housing market, but the reality is that a home is still one of the best investments you can make. If you purchase a home now in Alamo Heights and stay put for a few years, you will likely see an excellent return on your investment.
  3. A home can provide you with tax savings – Many people don’t realize just how much you can save on taxes from mortgage interest alone. If you purchase a home with a mortgage payment of $1,000 a month and you fall into the standard 28 percent tax bracket, you can look forward to saving over $3,000 on your annual income taxes.
  4. A home can provide you with freedom and privacy – The privacy you can enjoy owning a home is often a big determining factor for many renters. In addition, your home is unlike any leased property, as you enjoy the freedom to make any changes you want, without asking for anyone’s approval.

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