This guide is designed to help you learn how to get the most out of your first time home buying opportunity. As an affiliate of Indiana’s largest real estate company, we have helped many first time home buyers find the perfect fit for them. F.C. Tucker Company, Inc. is Indiana’s largest real estate company and no one in the Midwest has more experience than F.C. Tucker.
With a little bit of information, this guide can help alleviate some of your concerns with your first home purchase. There’s a lot of information here and feel free to come back as often as you like.
When you own your home, you can benefit from increased stability and security to investment and tax advantages. Most homeowners also find satisfaction and a sense of pride in owning their own home.
According to a recent survey by the National Association of Realtors, almost 70 percent of homeowners and renters stated avoiding rent is an important reason to purchase a home. Since renting offers no equity, no tax benefit, and no protection from regular rent increases, it’s like watching your hard-earned money float away. For example, if you are paying $650 a month for rent and you have a yearly increase of 5 percent, you will be spending $7,800 on your first year of rent and in five years you will be spending almost $44,000 in rent!
Buying a home you can afford is generally a wise financial choice. Here are some of the benefits of owning your own home.
Click here to learn about the estimated costs of buying vs. renting.