The Emotional Benefits of Homeownership

Are you considering becoming a homeowner? Congratulations! This is one of the biggest financial decisions you can make. You will experience many benefits, including stable housing costs, and building equity, but one thing you may not have considered is the varied emotional benefits of homeownership. Let's outline the emotional benefits that becoming a homeowner holds.

 

Increased Financial Stability

Mortgages unlike rent are most commonly fixed; in other words your monthly payment will remain unchanged unlike rent which year after year continues to rise as shown in the chart below. Rental prices have been skyrocketing for years. Buying a home with a fixed-rate mortgage gives you the opportunity to…

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Avoiding the Rental Trap

Are you considering buying, but are wary of the market fluctuations, or are you a first-time buyer who is unsure of your investment future by buying in 2023 versus 2024? One of the biggest misconceptions and biggest miscommunications in market updates and real estate news is regarding renting vs home owning. Even with mortgage rates increasing if you're going to be living in one area for a minimum of 4-5 years; it is almost always better to own a home versus getting stuck renting. Let's explain why it is always better to own a home rather than rent.

Rising Rents

Over the past three decades, rents have consistently risen. Where rents are rising and continue to rise, it becomes harder to save for the recommended for a…

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The Research Triangle is consistently ranked as one of the best places to live in the US and you can certainly see why, during the holidays. Whether you celebrate Hanukah, Christmas, or Kwanza, or are old or young, there are many ways to enjoy the lights and spirit of the holidays in the Raleigh Durham area. Here are some of our favorite holiday events. Have a Merry Season and if you are considering buying or selling a home in The Triangle, please reach out to My NC Homes.

North Carolina Chinese Lantern Festival, Cary

Running until January 8, the Chinese Lantern Festival is back at the Cary Koko Booth Amphitheatre. With hundreds of thousands of LED lights, 40 new hand crafted displays, these lantern displays are quite literally dazzling.…

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Many metropoles in the US are undergoing big shifts in how we use and value space, or occupancy. Where we are working and living and what is more desirable for work, and for life, have changed pretty dramatically. Work at home? Work at work? Work at home some, work at work some? It can be confusing to understand how occupancy, the job market, and how people are working, relate to real estate values, especially when real estate values for local sellers and buyers depend on the "at the moment" value. We would like to share insights on the state of development and projections on the Raleigh Durham area and how rankings nationwide for livability can mean for 2023 sellers and buyers.

Frequently, we report on the job market in Raleigh Durham, and how…

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