Be smart with your money. Stop paying rent and own now.

10 Good Reasons

There is a spirit within us, tugging at our hearts and telling us we deserve better.

Home ownership gives you and your family a sense of stability and security and is all about making an investment for you and your family’s future.

However, if you are still wondering if buying a home is the right thing to do, relax. Having reservations is normal. The more you know about the advantages of owning a home, the less daunting the entire process will appear to you.

Here are 10 good reasons for you to own:

1. You can live the Australian Dream

Owning a home is a big part of the Australian dream and most people would say that the independence, autonomy, and sense of accomplishment that owning a home, is an essential part of the Australian way of life.

Home ownership gives you and your family a sense of stability and security and is all about making an investment for you and your family’s future.

2. Rent deposits are a thing of the past

As a home owner, you won’t have to worry about paying a huge rental bond, nor the stress about receiving it all back when you leave. You and your family will have financial independence.

3. You are your own landlord

Some landlords are not very friendly or flexible. Other landlords can be so distant that problems don’t get resolved for months or even years.

As a homeowner, there’s no landlord to deal with and you have the freedom of conducting business at home on your own terms.

4. You can own pets without additional costs

Finding accommodation that allows pets can be quite difficult and in some circumstances, additional costs and even pet deposits are required.

Homeownership also typically provides a better environment for your pet, with plenty of space and a fully fenced yard.

5. Your money goes towards your own home

The money you pay for your own home is going towards building a better future for you and not your landlord. Compared to owning a home, renting is a futile exercise that leaves you with nothing after your lease is up.

6. Your hobbies make owning a good idea

For those renters who have hobbies or professions that are noisy or require space, renting isn’t a good option. Owning a home with plenty of space is definitely a better way to go.

7. You have more living space

Many homes come with a large yard for the pets and children to run and play; alfresco areas for the family to enjoy; and spacious garages for storage. This makes buying a home an attractive option for those who prefer to stretch their legs or are planning to grow their family.

8. There is space between you and your neighbours

Living in rental apartments can make you realise just how annoying living close to your neighbours can be.

Homebuyers can sometimes deal with annoying neighbours also, but at least they’re a yard and a fence away from you!

9. You can make upgrades

As a home owner you are allowed to make serious upgrades to the home and in doing so, raise its overall value.

Whereas most leases forbid the renter from altering the rental space and even simply wanting to hang pictures can become an issue.

10. You build equity

Homebuyers build equity as they pay off their loan and their property increases in value over time.

This equity has many benefits, including the ability of a homebuyer to eventually leverage the equity. Building up equity in a home is also one of the best ways for many people to save money over time.