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The Benefits of Owning vs Renting in East Central Indiana

Renting In East Central Indiana

Trust us; we know that the real estate market is crazy! Houses are selling at higher prices, and everyone seems to be looking for their perfect home, which leads many people to the conclusion that they should just rent a house, duplex or apartment instead of purchasing a home. If you are at the point in your life when you are considering whether it is more beneficial to rent or own, this blog is for you. Keep reading to learn more about the benefits of owning vs. renting in East Central Indiana. 

Investing In Yourself 

Did you know that when you are renting, you are paying your landlord’s mortgage plus an additional upcharge? The biggest reason that you should consider owning vs. renting in East Central Indiana is so you can begin investing in yourself. When paying rent, that money goes to your landlord, and that’s the end of the story, but if you purchase a home, each mortgage payment you are investing in yourself. By paying off your mortgage, you are investing in an appreciating asset.   

renting in east central Indiana

Mortgages Are Cheaper Than Rent 

As we said before, you are paying your landlord’s mortgage plus some. While buying a house does require more money upfront, it will save you so much money. Why pay $800-900 in rent when you can pay $500 towards your mortgage? While you will always continue to pay rent, over the course of a couple of decades, you can pay off your mortgage and eventually be payment free. While a 25-year mortgage may seem like a long time, time flies when you are investing in yourself.   

Enjoy More Flexibility 

renting in east central Indiana

One thing that homeownership offers that renting does not is flexibility. You can do almost anything to your home. Like painting the walls, changing the cabinets, removing a wall, or renovating any space the way that you like it. You have complete creative freedom when it comes to a home you own. No longer will you have to deal with the command strips or security deposits. You can make all the decisions when it comes to the place you call home. Make this move your last by making the investment to buy your own home. When you do buy your new home, if you are interested in some fun DIY projects, make sure to check out this article.   

Increase Stability 

While you might think you like the freedom that renting gives you when it comes to choosing where you live, it also increases your stress. Right now, especially with rent increases happening all over the state, if you are planning on staying in the same place for the foreseeable future, you need to consider buying. Having a home of your own increases stability for your family instead of moving around every couple of years. The ability to put down roots is one of the main benefits of owning vs. renting in East Central Indiana. 

renting in east central Indiana

Get That Homeowner Satisfaction 

As realtors selling houses never gets old! The happiness that new homeowners feel is just infectious. They are so proud of their new homes, and they want to share them with everyone around them! Owning a home is something that fulfills many needs. It offers an outlet for creativity, provides security, and gives families a home base. Buying a home is stressful. Once the purchase is complete, you will have a place to enjoy and invest in for many years to come.   

Get More Information 

We hope you learned more about the benefits of owning vs renting in East Central Indiana. There is so much to consider when you are looking to sell your home, but that is why you need an agent you can trust! Our expert realtors will lead you through the process. If you are interested in purchasing a home or selling a home in East Central Indiana, learn more about American Heritage Realty. We have been in operation since 1977, and we have the expertise and technology to help you buy a home or sell a home. Get to know us! 

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