The USA Real Estate Team in Prescott Valley, Arizona, is all about finding the perfect housing option to fit your situation and needs. If you are in the market to rent, the USA Property Management division is there to help! If you are tired of paying rent and are ready to buy . . . the USA expert realtors will help you find the perfect home!
Deciding to stop renting and become a home owner is a tough decision! Are you Financially Ready? Are You Emotionally Ready? Will Owning Pay Off in the Long Run? These are all things to consider when buying a home.
Homeowners Seem Happy
In a recent survey, Bank of America asked homeowners: “Does owning a home make you happier than renting?” 93% of the respondents answered yes, while only 7% said no. The survey also revealed:
- More than 80% said they wouldn’t go back to renting
- 88% agreed that buying a home is the “best decision they have ever made”
- 79% believed owning a home has changed them for the better
Renting Is Not The Same as Owning
According to the latest Zillow Housing Aspirations Report, 45% of renters regret renting rather than buying — more than five times the share of homeowners (8%) who regret buying instead of renting. Here are the four major reasons people regret renting, according to the report:
- 52% regret not being able to build equity
- 52% regret not being able to customize or improve their rentals
- 50% regret that the rent is so high
- 49% regret that they lack private outdoor space
There are both financial and non-financial benefits to homeownership. As good as the “financial equity” is, it doesn’t compare to the “emotional equity” gained through owning your own home.
The realtor team at USA Real Estate and Property Management would be happy to talk with you about the process to becoming a home owner. Give the USA team a call at (928) 775-0400. In addition to their Real Estate knowledge, the USA team has information on loans available, many with zero down!