With higher mortgage
rates, you might be wondering if now’s the best time to buy a home in the Fort Lauderdale Area. While
aspects are important to consider, there are also powerful non-financial
reasons it may make sense to make a move. Here are just a few of the benefits
that come with homeownership.
Fort Lauderdale Area Homeowners Can Make Their Home Truly Their Own
Owning your home gives you a significant sense of accomplishment because
it's a space you can customize to your heart's desire. That can bring you added
In fact, a report
from the National
Association of Realtors (NAR) shows making updates or remodeling
your home can help you feel more at ease and comfortable in your living space.
NAR measures this with a Joy
Score that indicates how much happiness specific home upgrades
bring. According to NAR:
numerous interior projects that received a perfect Joy Score of 10: paint the entire interior of the home, paint
one room of the home, add a new home office, hardwood flooring refinish, new wood
flooring, closet renovation, insulation upgrade, and attic conversion to the living
And as a homeowner, unless there are specific homeowner's association
requirements, you typically won't have to worry about the changes you can and
If you rent,
you may not have the same freedom. And if you do make changes as a renter,
there's a good chance you'll need to revert them back at the end of your lease
based on your rental agreement. That can add additional costs when you move
The Responsibilities of Fort Lauderdale area Homeownership Give You a Greater
Sense of Achievement
There's no denying taking care of your home is a large responsibility, but
it's one you'll take pride in as a homeowner. Freddie Macexplains:
As the homeowner, you
have the freedom to adopt a pet, paint the walls any color you choose, renovate
your kitchen, and more. . . . Of course, along with the freedoms of
homeownership come responsibilities, such as making your monthly mortgage
payments on time and maintaining your home. But as the property owner, you’ll be
caring for your own investment.
You're not taking care of a living space that belongs to someone else. The
space is yours. As an added benefit, you may get a return
on your investment for any upgrades or repairs you make.
Fort Lauderdale Homeownership Can Lead to Greater Community Engagement
That sense of ownership and your feelings of responsibility can even extend
beyond the walls of your home. Your home also gives you a stake in your
community. Because the average
homeowner stays in their home for longer than just a few years, that can
lead to having a stronger connection to your local area. NAR notes how that can
Living in one place for a
longer amount of time creates an obvious sense of community pride, which may
lead to more investment in said community.
If you're looking to put down roots, homeownership can help fuel a sense of
connection to the area and those around you.
If you're planning to buy a home this year in Fort Lauderdale,
there are incredible benefits waiting for you at the end of your
journey, including the ability to customize your home, the sense of
achievement homeownership brings, and a greater connection to your community.
Let's connect to discuss everything homeownership has to offer.
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