Top 5 Reasons to Buy a House

Despite the 2008 crash, the real estate market is now back on its feet, and it’s helping Americans grow wealth.

By Jon Buerkert

To some, investing in real estate is daunting, but once you look at the benefits of owning a home, you can’t help but make a move to test the waters. Fixpads can help you become a homeowner and move-in fast to a freshly renovated and affordable home Considering the lifestyle and financial prospects, owning a home is more appreciated than renting one!

Here are a few reasons why people choose to own a house.

1. Complete Authority

Owning a home gives you a liberty to manage it as you please. You can paint the walls any way you want it, customize floors and walls, or put a new chandelier in the dining room without the permission and hesitation from the landlord. And every time you make an improvement, the value of your home increases.

2. Benefit from Appreciation

Owning a home is an actual investment; it’s an asset with a value that doesn’t drop. Most of the time, the value of a house rises faster than the stock market. You can live the way you want and still make a profit when you decide to sell it. For example, if you invest $20,000 in the stock market, you may gain $1,854 on top of your $20,000 with 3% appreciation after three years, and if sold, you’d pay taxes on money earned. 

On the other hand, if you buy a $200,000 primary residence with a $20,000 down (10% down payment) and it appreciates 3% per year for three years, you are looking at $18,545 on top of your $20,000 invested. If you choose to sell the house, you’d be exempt from paying taxes on money gained.

3. Reap Tax Benefits

Homeowners have the leverage to deduct mortgage interest and property tax while filing tax returns every year. For instance, if you purchase a $200,000 home with $20,000 down, a monthly mortgage payment will be around $1200 (depending on the interest rate), and it includes property taxes, PMI and insurance. You can count on tax deductions for mortgage interest and property taxes to be around $215 per month. So if we subtract $215 from the total monthly housing, your after-tax housing cost is $985 ($1200-$215). These significant savings can often make owning the house cheaper than renting.

4. Fixed Mortgage vs. Ever Rising Rent

With a fixed mortgage rate, your mortgage payment will never change. When renting a home, your rent will most likely rise yearly. You may be forced to relocate if the cost of renting goes over your budget. 

 

5. Build equity!

When you pay your mortgage, that payment is consequently creating equity in your home. For example, your average pay-down per month on $180,000 mortgage in the first year is $282, the average in the second year grows to $292. Monthly pay-down increases annually, and it’s your investment in the house, creating a long-term benefit. On the other hand, if you keep renting a home, the total payment goes to the pocket of your landlord, providing no investment and no future profits.

We are excited to see more renters turn into owners with Fixpads’ great deals in rural America. It’s for you to decide if you want to buy a house, or keep renting and spend thousands of dollars paying someone else’s mortgage while building their wealth. Stop wasting money on rent and move into your own home with us. 

Spread the word

Share on facebook
Share on twitter
Share on linkedin

Let’s talk about your home

Call us at (803) 261-7851 or fill-in the form below
Help me get my own house - v2
FIRST NAME*
LAST NAME*
TELEPHONE*
EMAIL*
I CURRENTLY*
Would you consider buying if your monthly payment would be close to your current rent?*
Are you currently employed, or do you have a stable monthly income?*
Can you put at least $2000 down?*
Message (optional)
A copy of your responses will be emailed to the address you provided.

FixPads, LLC. 16 Berryhill Rd, Columbia, SC 29210 | Privacy Policy | Terms of Use | Mobile Terms and Conditions

The FixPads Standard.

All FixPads are renovated to the same standard to ensure quality. Expect freshly painted walls, updated floors, bathrooms, and new appliances. Each property is fully inspected before you move in.

This is how we rebuild Middle America

We search for distressed
properties in that are
fit for restoration.

We search for distressed properties in that are fit for restoration.

After the acquisition,
we deploy our crew and start
demolition & clean up.

After the acquisition, we deploy our crew and start demolition & clean up.

We renovate the
house with high
standards in mind.

We renovate the
house with high
standards in mind.

We install
efficient & updated
appliances.

We install
efficient & updated
appliances.

We deploy our cleaning
crew and prepare house
for rental or for sale.

We deploy our cleaning crew and prepare house for rental or for sale.

Finally,
we’re ready
for your
move…

Finally,
we’re ready
for your
move…

The FixPads Standard.

All FixPads are renovated to the same standard to ensure quality. Expect freshly painted walls, updated floors, bathrooms, and new appliances. Each property is fully inspected before you move in.

Hotspots Background

Brand New Amana Microwave Oven

Beautiful Granite or Prefab Pro Formica Countertops

Brand New Amana Cooktop & Oven Oven

Prefab Engineered Vinyl Plank Floors

Brand New Sinks and Faucets

Brand New Cabinets with Self-Closing Doors

Brand New Amana Dishwasher

KITCHEN
Hotspots Background

Nickel-Plated Fixtures

New Doors

New Outlets & Switches

Freshly Painted Interior

Brand New Carpets

BEDROOM
Hotspots Background

New Outlets & Switches

Nickel-Plated Fixtures

Freshly Painted Interior

Beautiful Granite Countertops

Nickel-Plated Fixtures

BATH
Hotspots Background

30-year Architectural Shingles Roof

New Windows

New Doors

Fixed/Upgraded Porch

Vinyl Shake Siding

BUILDING

Improve your Credit Score,
a few points can make a big difference!

Improve Your Credit Score

We’ve partnered up with Credit Repair Companies to help you boost your credit score. Let’s talk about eliminating the barriers to healthy mortgage options.

Our credit repair partners will help you:

Speed up the approval process by improving your credit score and telling the story of who you really are as a person.

Help you save thousands of dollars on high-interest rates due to less than ideal credit scores, likely due to no fault of your own.

Don’t Let Credit Ruin Your Home Buying Opportunity; Home Ownership is Closer Than You Think!