Shelly Ragan - NextHome Signature Real Estate

The Ragan Team • Call (402) 672-5522

  • Home
  • About
    • About The Ragan Team
    • Privacy Policy
  • Home Search
  • Resources
    • Buyers
    • Sellers
    • What’s Your Home Worth?
  • Visit Main Website
  • Blog
  • Contact

Getting Tired of Renting? Here Are the Top 5 Reasons Why Young People Prefer Owning a Home

August 17, 2017 by Shelly Ragan

Getting Tired of Renting? Here Are the Top 5 Reasons Why Young People Prefer Owning a HomeAt some point in their lives, every renter thinks about home ownership and whether or not it’s worth it. Let’s explore the top 5 reasons why young individuals prefer the idea of owning a home over renting.

It’s All About Control

It’s unlikely to come as a surprise that having control over their living space is the number one reason that younger buyers prefer owning over renting. Living in a home owned by someone else limits your ability to customize your home. Want to expand a room or rip out the kitchen cabinets? Good luck with getting your landlord to pay for that!

Privacy And Security Are Key

More than 90 percent of millennials reported that having a sense of privacy is an important factor when choosing between buying and renting. And this makes a lot of sense, especially in areas where a landlord has the right to enter the premises on short notice. It’s tough to imagine feeling secure when a landlord can demand access to their home for whatever reason they so choose.

Your Own Space Is Just Nicer

Take a look around your home. Is it as luxurious as you’d like it to be? While you can furnish a rented apartment or house however you want, in many cases, renters just don’t put the same amount of effort into it. 81% of young renters shared that one reason they want to buy is so that they can live in a nicer place.

You’ll Be More Engaged In The Community

If you want to feel more engaged in your local community, buying a home is an excellent idea. More than 75 percent of young and first-time buyers reported that community engagement is a key reason that they want to be a home owner. Not only are you more likely to care about the area around your home if you’re responsible for its upkeep. But as the value of your home is influenced by the surrounding area, you also have a financial incentive to staying engaged in the health of your community.

Owning Gives You Flexibility

Finally, consider that owning your own home will offer flexibility that you can’t get from renting. Not only will you be able to customize your home the way you want, but you’ll also have a productive financial asset. And that can be a huge help in securing additional credit if you want to make significant investments or other financial moves.

When you’re ready to expand your freedom by purchasing your own home, contact your trusted real estate professional. We’re happy to help.

Filed Under: Home Buyer Tips Tagged With: Buying A Home, Home Buyer Tips, Real Estate Tips

Shelly Ragan

Contact Shelly


REALTOR ®
CALL (402) 672-5522

RE LIC#: 20010706
NextHome Signature Real Estate
Ragan Team

Connect with Us

Archives

How can we help?

  • This field is for validation purposes and should be left unchanged.

Recent Articles

  • What’s Ahead For Mortgage Rates This Week – March 20, 2023
  • How to Get Along With Your Homeowners Association
  • Manage These 3 Items Before Applying For A Mortgage
  • Short-Term Vacation Rentals: What To Know
  • What To Know About Property Lines

Looking For Something?

Categories

Our Location


NextHome Signature Real Estate
13340 California St, Suite 100
Omaha, NE 68154

Copyright © 2023 · Powered by MySMARTblog