Why Buying a Home is Still a Good Idea

Why Buying a Home is Still a Good Idea

If you think that there is no longer any benefit to buying a home, think again. Despite the mortgage crisis and the faltering real estate market, there are still plenty of good reasons to buy a home. Even as the economy continues to flounder and unemployment rates remain unbearably high, buying a house continues to be a smart move. Learn more about why it still pays to buy a home below.

  • Renting is Getting Costlier

In the old days; it was easy to argue that renting was more affordable on a month-to-month basis. In other words, monthly rent payments were often drastically lower than average monthly mortgage payments. That is becoming less and less true. In fact, it’s often possible to get a mortgage with a monthly payment that is significantly lower than the payment that goes along with the typical apartment lease. Renting isn’t always cheaper, and you could save a lot of money by purchasing a home instead.

  •  Interest Rates are at Record Lows

When it comes to buying a home, interest rates have never been lower. In recent months, they have dipped down to record lows. The overall expense of getting a home loan is, therefore, considerably lower than it used to be. The same is true about home refinancing. By refinancing right now, you could secure an exceptionally low interest rate that lowers your monthly payments by a significant margin. The real estate market may not be in great shape, but low interest rates mitigate a lot of that.

  • Housing Prices couldn’t be Lower

In just about every part of the country, housing prices have dropped precipitously. While that is bad news for the people who currently own those homes, it’s great news for people who are looking to purchase new homes. Prices are expected to drop a little lower too. They aren’t expected to start rising again for the foreseeable future, but that doesn’t mean that you should wait. Thanks to these low prices, you can probably afford a nicer and larger house than you could even a few years ago.

  • Buying a House is Still a Smart Move

Whether home values remain the same or go up, buying a house is still a very viable option. Unlike renting, you will be investing your money in something that will provide long-term benefits. That is true even if you don’t end up making a lot of money when selling the house at a later date. As a homeowner, you will be able to call all of the shots when it comes to updating and remodeling your home. There is a lot of satisfaction to be had from owning a home, and there has never been a better time to buy.

Charlotte NC America’s #1 Place to Live

Charlotte has been voted America’s #1 city to live in by Relocate-America.com  I’ve been here since 1995, and have been visiting regularly since the early 80′s.  I would never have imagined that there would be so much to do in my adopted hometown, while at the same time keeping the small town feel and relative affordability to other areas.  Check out the links below and let me know what you think?  Agreement/Disagreement/Comments???

Charlotte #1 Place to Live

Charlotte Dethrones Asheville

I moved here 13 years ago with no job and a couch to sleep on in my aunt & uncle’s house.  Now I am raising a family and running a successful business in what is in my opinion the best city in America!

Can you get a deal on a home in Charlotte?

Many of my clients ask me-where can I find a deal?  Although the rest of the nation has seen markets decline, we have held steady on pricing.  That doesn’t mean that there aren’t opportunities out there.  One of the ways to get a home below market pricing is to buy a builder spec, or inventory home.  These are homes that are with begun with no particular buyer in mind, or if a sale falls through the home will go back on the market.  The day a home is finished the builder starts to eat away at their profit.  They have speculated on a sale prior to or very soon after the homes completion, and they are motivated to get the home sold at this point in the time line.  Builders will offer financing incentives, incentives for free upgrades at the design center, or just flat out discounts on the price.  They will also offer bonuses to buyers brokers who bring a qualified buyer.  As long as the builder doesn’t offer these “deals” on too many homes in the neighborhood, the average prices will stay up where everyone else bought and the buyer of the spec home will have effectively bought a home with instant equity.

 

Custom Homes in South Park Area by Simonini Builders

Charlotte Custom homesSimonini Builders has started selling homes in their latest community, Conservatory.  This intimate (30 homes), gated community is situated in the South Park area of Charlotte.  Custom homes feature exceptional architecture with distinct styling.  Plans include both upper level and lower level Master Suites.  All homes look out over the park-like center of the community, with areas for relaxation and open spaces.  Two grand gated entrances speak volumes about the neighborhood before you even arrive.  Prices start in the high $600’s.  The neighborhood is located at the corner of Park South Drive and Sulkirk Road.

To find out more about Conservatory, or any other custom builder in Charlotte, please contactSchwebel & Associates with Prudential Carolinas Realty at 800-617-2760.

Simonini Builders Announces New Project In Myers Park!

Simonini Builders, a trusted name in custom home building for over 30 years, has announced a new Charlotte area project.  Stephens Square will be located in the heart of Myers Park at the corner of Queens Road West and Selwyn Avenue.

The intimate community is limited to 10 stately City Residences, blending perfectly with the historic surroundings.  The traditionally inspired townhomes have been designed by Meyer-Greeson-Paullin.

Amenities will include private courtyards, elevators, 2-car attached garages, and a gated entry.  Sizes will range from 3,523 to 4,435 square feet.