Among the many reasons why you should purchase a home, these three should be at the top of your reasons. First, purchasing a home means freedom. Your home is something that you can claim to be yours and none else. You have all the freedom and right to decorate it in a way you want. If you want to upgrade your home then you may do so. You can choose the types of upgrades and new amenities that appeal to you and your lifestyle. If you want your relatives and friends to visit your place then you can have all the freedom. You never must worry about what other people might say because you have your own home to offer to your relatives and friends.
Secondly, purchasing a home means stability. As you stay longer in your neighborhood, this will allow you and your family time to build long-lasting relationships within the community. You children will have their own set of friends and this will also benefit their educational and social continuity. They will also feel secure because they will be dealing with the same people and not with strangers.
The third and probably the best reason is equity. You need to remember that the money paid for rent is money that you’ll never see again. You may spend years on your rented home but no matter how long you stay in there you can never own that place. Nonetheless, mortgage payments let you build equity ownership interest in your home. In this way, your money will surely be in its best place.
