Top Ten Reasons For Buying Your Own Home

By Rebecca Sebek

Buying home may be scary but it doesn’t have to be. Think of it as an investment because that’s what it is. You can buy your home for $200,000 sell it for $300,000 and earn a $100,000 profit. This is a ‘simple’ formula but it shows how you can earn a profit from your home. You can use that money to buy a bigger home or move to another state or country. You want your home to appreciate in value not depreciate. When you buy your first home make sure you remember this. Most people buy their first home and forget that one day they may sell it. When they go to sell it, they’re shocked when their real estate agent (if they’re a good one) tells them to paint the walls, get rid of some furniture (for staging purposes), and make minor repairs. That’s a tip! When you sell a home, it’s not about you, it’s about the buyer! Don’t take it personally.

Top Ten Reasons For Buying Your Own Home

It’s an investment. If you want to own your own business, you’ll need to invest in it. Your home can act as your bank. For example, if your home is appraised at $300,000.00 and you owe $200,000.00, the equity is $100,000.00. Hopefully, you don’t have any liens or a second mortgage because these would have to be deducted. Anyway, you could use the equity to remodel your home, to invest in your business, send kids or yourself to college, or to invest in real estate,

You have your own space. If you rent an apartment you can have neighbors above and below you and to left and right. This can wreak havoc on your life if they’re noisy. When you own your home you have no one ‘connected’ to you, especially if you buy a home that sits on 10 acres! If you do have a disturbance, you can easily call the police or HOA without anyone listening to your conversation.

No landlord. Technically, your bank is your landlord in a sense, but it’s a matter of ‘shifting’ your perspective. Renting an apartment or home can get old after awhile. It’s nice to have your own space that you can decorate the way you want to. Be careful with this because you may want to sell your home and if you do something ‘off the wall,’ it may not be received by future buyers. Also, if you like pets, you can have as many as your city will allow you to have. You don’t need permission from the landlord.

Mortgages are cheap during economic uncertainty. If you have a sizable down payment, you can buy your dream home for the fraction of the cost when compared to five or more years ago.

You can get a good deal. Let’s face it; what goes down must go up eventually. If you’re a savvy real estate investor, you realize that you can make a fortune from real estate investments.

Save when you file your tax return. You can deduct mortgage interest and real estate taxes from your income taxes. If you’re unsure how to handle this or any capital gains (if you sell), allow a CPA (certified public accountant) to prepare your tax return.

You’ll get a better home. Smart home owners who want to maximize their profits understand the importance of doing at least one major upgrade per year. The home you buy will be in better condition than it was years ago. Hopefully, the previous owners have good taste.

Inflation protection. Owning a home in the long run will protect you from inflation; you can actually beat it by a couple of percentage points.

You’ll be forced to save. If you can rent an apartment for $1,500.00 per month versus paying a mortgage of $2,000.00 per month then renting is the better option. Do you trust yourself to save the $500 per month? If you’re like most people, you’ll spend the extra $500.00. Do the math. You’ll build equity because part of the mortgage payment that’s directed to the principal repayment isn’t a cost.

You may decide to become a landlord. If you become financially independent, you may decide to buy another home and use your first home as an investment. You can rent it out and use the money to pay off your new home.


My name is Rebecca Sebek, owner of, a website dedicated to freelance writing.

Visit, and you’ll find information on blogging, screenwriting, client relations, publishing, how to gain web traffic, eBooks, keyword research, social media, and much more. You’ll find FREE stuff such as a Beginning Blogging/SEO PowerPoint Slide, interviews, videos, and other valuable information that can help you with your freelance writing business, publishing and screenwriting efforts, or help you become a freelance writer.