What are the Benefits of Owning vs Renting?
Should you buy or should you rent? Whether you’re currently renting while deciding if you should buy or you’re an empty-nester weighing your future options, this decision is a big one. Most importantly, you need to consider your current financial situation and your future financial goals. Once you are aware of those, you can decide whether renting or owning in best for you. In the meantime, here is a look at five benefits of owning your own home.
You can customize your space.
A home should reflect your personality and your ideal lifestyle and whether that means opting for a flex room over a formal dining or painting the playroom purple and green, it’s entirely up to you. When you own the home you live in, the opportunities are endless. Want a lemon tree in the backyard? Go for it! Prefer hardwood to carpet? Our premier builders can make it happen and as your design preferences and needs change, your home can change with you.
Fixed mortgages mean no rent increase
How many times have you settled into an apartment or rental home only to find when it’s time to renew the lease that rent is increasing? Homeowners with fixed-rate mortgages can rest easy knowing their monthly mortgage will remain the same, allowing for more consistent budgeting and planning.
Homeowners are allowed to deduct mortgage interest and property taxes each year. Often times, the savings from these tax benefits are significant enough to make owning a home the same as, or cheaper than, renting.
Investment in your future
The problem with renting is each month your rent check goes towards building someone else’s investment, not benefiting you at all. Don’t put money towards something that isn’t yours. Over time, a home appreciates in value, better serving your future goals. And, since you don’t pay taxes on money gained when you sell your home, it can prove to be more beneficial than stocks. Owning a home allows you to live in and enjoy your investment daily – and that’s a priceless benefit.
You get what you want
When you purchase a home in a new development like Copper Bend at Indian Trails, you’re able to work with award-winning builders, Perry Homes and Newmark Homes, to build a home that is exactly what you need. Research from the National Association of Home Builders the shows that the millennial generation prefers new homes built for sale as opposed to a custom-built home, and when you look at the many new-construction move-in ready options available at affordable prices, it’s easy to see why.
From smaller one-story homes to spacious two-story plans with ample room to grow, Copper Bend offers homes for first-time buyers to empty-nesters and everyone in between.
Copper Bend offers homeowners a sense of community and enviable amenities unlike any other. Step outside your front door and explore more than 24 miles of connected recreational trails, enjoy a picnic by the private lake, cool off by the pool, play at the park or meet your fellow neighbors at one of our community events.
Conveniently located between Hwy 290 and Hwy 249, with close proximity to Beltway 8 and the new Grand Parkway, Copper Bend-living allows for a breezy morning commute as well as easy access to Houston-area attractions, shopping in Vintage Park and dining at The Boardwalk. Nestled in the growing and highly-sought after community of Cypress, Texas, Copper Bend residents enjoy prime location, access to top-notch Tomball ISD schools and a community that has been planned with you in mind!