The Pride of Owning your Own Home

Posted by on December 21, 2010 | No Comments

Home ownership has long been a big part of the American Dream. Having a place to call your own, and to do with it what you please, is the big advantage of owning over renting. Coming home from a long hard day and relaxing in your own space is a feeling that only comes with home ownership. Carving out your own space and decorating it in your own style is a liberating feeling for all homeowners.

Owning vs Renting

When you rent there are rules and regulations if you want to do anything to the dwelling. In an apartment oftentimes you cannot even put a hole in the wall for a nail to hang a picture without having to answer to the landlord. And even if you don’t like the color of the walls in your bedroom you will have to get permission to change it or to put up wallpaper. The bottom line is you have to get permission to do what you want to do to your own space. So, by default, it truly isn’t your own space. And you are pretty much at the mercy of a landlord if they want to raise your monthly rent. With your own home mortgage, the payments will be consistent even though your property taxes could go up in time.

Owning your own home brings with it the freedom to renovate, paint, and decorate your own space any way you see fit. So you want to put up some family pictures on your living room walls? Bang away with that hammer and nail. Do you want to tear down that non load-bearing wall between the kitchen and the family room so that you can see and talk with your family while you are cooking dinner? Go for it. Demo away! You don’t like the paisley wallpaper that the former owners put in your living room? Get out that warm water or rent a steamer and tear that paper down! Paint it with the color of your choice and, before you know it, your stamp will be put on your own home.

Your Own Oasis

There is nothing like having your own space. You can define it to suit your needs. In effect, your home becomes an extension of who you are as a person. Your preferences in your life can be seen in your home in terms of how you decorate, what type of furniture you buy, or the colors of your walls. If you like to cook then you will tend to lay out your kitchen to complement that talent. You may want an old country kitchen with a thick butcher-block island. Perhaps you prefer granite countertops over wood and you like steel appliances over color.

The point is, with home ownership you are the painter and your home is a blank canvas. You can paint your own masterpiece to suit your life. The pride of home ownership is that feeling of contentment, satisfaction, and excitement that comes with being the person in charge of your own little corner of the world.

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Renting vs. Buying: Advantages and Disadvantages

Posted by on January 4, 2010 | No Comments

An easy-to-read table highlighting the advantages and disadvantages of both renting and buying a home.

From the resource: “If you are considering buying a house, one of the first decisions you need to make is whether buying a house instead of renting one is the right direction for you. Since owning a home is the “American Dream”, many people simply assume that it’s always to their advantage to buy a home, and for most, it is. Take a moment to review the following table to see how your situation fits in. Items in the green boxes are advantages and in the red boxes are disadvantages.”

Source: HBIC

Read More About Renting vs. Buying a Home at Newbuyer.com

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Rent or Buy?

Posted by on January 3, 2010 | No Comments

A brief decision table and rent vs. buy calculator that answers the question “Am I better off renting?” The results are presented in report and graph form.

From the resource: “This calculator calculates whether buying a home is a better deal than renting. In some cases, renting may be cheaper than buying. For example, renting often requires a smaller monthly cash outflow than a combined mortgage payment that includes principal and interest, insurance and taxes (P+I+T+I) and, possibly, mortgage insurance.”

Source: Freddie Mac

Read More About Renting vs. Buying a Home at Newbuyer.com

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