Benefits of home ownership
Buying your first home may be one of the biggest steps you take in your life, but the benefits of owning it are endless, here's why...
We understand that buying a new home is a huge life event and we know that the prospect of becoming a homeowner can seem a little bit daunting, but don’t worry, we’re here to help. Here at Gleeson we know that the benefits of being a home owner are endless, from the freedom to decorate however you like, to the ability to have a dog without a potential landlord saying you can’t and most importantly, getting you on the property ladder and the wealth ownership benefits that home ownership can create. So, to help you out we’ve compiled our top three benefits of home ownership.
1. First and foremost, purchasing a home is a great investment. It’s easier than ever to become a home owner and there are numerous ways of becoming one too; whether that be via a Government backed Help to Buy scheme, a Lifetime ISA or Home Reach, the part buy – part rent scheme, all of which help you to get your mortgage.
Paying off a mortgage rather than renting from a private landlord leaves you much better off financially in the long term and can often be cheaper, essentially the money you repay to your lender builds equity in your property. This means that in the future, the money you have paid back into your mortgage is yours to keep and reinvest if you chose to sell your property in the future. Plus, you are investing rather than splashing the cash, your monthly repayments are contributing to something that is yours.
2. Secondly, paying off a fixed-rate mortgage is a great way to add structure to your life. With a standard monthly repayment, you will always know what money is coming out of your bank every month, therefore providing stability, allowing you to budget the rest of your income for bills, holidays and of course, treats.
3. Freedom. Home ownership allows you to shake off the shackles of living with family (including parents) or renting. You can live by your own rules, paint the walls whatever colour you fancy and buy whatever furniture you desire, allowing you to create an environment that is perfectly suited to your taste and requirements.
In a nutshell, becoming a homeowner is an amazing achievement, one to be proud of, taking that first step onto the property ladder is one of the most rewarding and savvy investments you can make. Let Gleeson make your dream of home ownership a reality with our stunning developments across the North and the Midlands. We have a beautiful range of 2, 3 and 4 bedroom homes, with prices starting from less than £95,000 take a look at your closest development today or follow us on social media for interior inspiration and exclusive peeks at our customers’ homes.