Looking to buy a home in Houston and not sure where to start? Look no further than The Kodiak Bear Group, your trusted partner on the exciting journey of homeownership. Owning a home brings numerous benefits beyond simply having a place to call your own. Let us enlighten you about the often-overlooked advantages of homeownership.
Establishing Roots
Studies show that homeowners tend to stay in their homes four times longer than renters. By establishing roots in your own home, you can truly connect with your local community and make a meaningful impact in the neighborhood. It’s this connection that turns a house into a true home.
Equity
Ever heard the saying that renting is 100% interest on your money? That’s because renting doesn’t allow you to build equity. When you own a home, one of the perks is the opportunity to build equity. Equity represents the difference between what you owe on your mortgage and the current value of your home. Think of it as your own personal savings account, with you as the bank.
Appreciation
Similar to equity, appreciation adds value to your home over time. As the surrounding homes increase in value, your own property’s worth also rises. By actively contributing to the growth and improvement of your community, you can create a positive cycle of increasing home value. Not only does this enhance your enjoyment of your home, but it also boosts the return on your investment.
Education
Did you know that studies have shown a correlation between homeownership and academic achievement? Children of homeowners tend to earn higher test scores and have a higher graduation rate compared to children of renters. By investing in a home, you’re also investing in your children’s future.
Happiness
Owning your own home grants you the freedom to create a space that truly reflects your personality. You can personalize it, paint it in the colors that resonate with you, adopt a pet, or even plant a tree. The restrictions of renting vanish, and your home becomes a blank canvas for personal growth. In fact, over 80% of respondents in a study conducted by the Association of Realtors rated homeownership as one of their highest aspirations.
Tax Savings
Let’s not forget the often-overlooked benefit of tax savings. The government provides various incentives to reward homeownership, ranging from deductions on mortgage interest to tax benefits associated with homeownership expenses.
Getting Started
Now that you’re excited about the possibilities, you might be wondering what steps to take to turn your dream into a reality. Here’s a simple guide to get started on the right foot:
- Contact us to schedule an overview of the entire home buying process. We’ll ensure you’re well-prepared for the journey ahead.
- After our meeting, we’ll connect you with a lender who can discuss the available financing options. Don’t worry—we’ll provide you with a handy checklist of the required documents so that we can go over them together.
The documents you’ll need to gather include: W-2s, 1099s, bank statements, and tax returns. If you have an idea of your credit score, that’s great! If not, we can help you find out.
Feel free to bring any questions you may have to the meeting. We’re committed to providing you with the best information available. When you’re ready to take the next step, use this link to contact us.