Everyone is talking about a real estate bubble in Idaho, and are quick to call it a "sellers market", but does that mean it's a bad time to buy a home? We don't think so! There are a number of good reasons to consider buying a home this Summer, let's take a look at just a few of the big reasons why.
There Are More Homes
Inventory has been low over the last year or so, but we're seeing those numbers turn around - and that means power for the buyers! It's a good time to get in and start finding properties before the market gets oversaturated, or the home you want is already sold.
Homeownership Provides Stability
With inflation at an all time high and the costs of living climbing, owning a home is one way to help lock in one of your highest recurring monthly expenses. While your mortgage can still fluctate with the economy you won't have to worry as much about huge jumps in costs. Owning a home also allows you to build equity, providing a means to grow your overall wealth over time.
Buying May Be More Affordable
While up front costs may be more, your payments month to month may be more affordable than renting a home. In many cases not only will owning a home save you money versus renting, it also generally provides more room for the cost.
You Can Make It Truly Yours
No more asking permission, no more dealing with features you don't like. You want a different color in the den? You get a different color! You want new cabinets? You can have new cabinets! When you own your home you don't have to get permission from the landlord to make your home look the way you want.