Stop Throwing Your Hard Earned Money Away…Start Building Today!
Over the last few years, there has been an influx of new people into Pittsburgh, PA. Millennials, especially, have gravitated towards this area, and for good reason—there’s lots to do and the people are great. But many young people are still holding on to a fear of home buying that was born in the recent economic crisis, despite the fact that the economy, and the housing market especially, has completely recovered. They are content to rent, believing that to be the safer investment, even though, in reality, the opposite is true. Here are some of the reasons why building a new home is betting than renting in Pittsburgh:
1. A home is an investment, renting is throwing money away. Yes, you get something back when you rent—a place to live. But if you continue to rent, you will always have to pay a monthly fee for your residence. When you buy, however, you pay that home off. Not only does it increase in value as you are paying it off, it continues to appreciate, even after you have paid off every cent of your mortgage. If you ever do sell it, you will get more money than you put into it.
2. Buyers and builders have more control over their property. When you live on a rental property, you are the whim of your landlord. If you have a great landlord, then you might not worry. But you still do not have control over paint color, carpeting, layout, or even what you can hang on the walls and how you can hang it. There are thousands of restrictions when renting that you never have if you buy a home.
3. Buying is cheaper, not just in the long run, but in the short term, too. Most people continue to rent simply because they do not think they can afford to buy a home. The truth is, however, that buying a home is more affordable now than it has been in previous years and that the majority of people actually pay less for their mortgage each month than they would for a rented space.
If you have been considering buying or building a new home, all the while renting a home or apartment that you do not have very much control over, it’s time to start looking seriously at your home buying options in Pittsburgh, PA.
Maronda Homes is proud to offer a variety of new home options to our customers. From town homes, to single-family homes, to patio homes – There is a new home waiting for you!