06/03/2025
My Personal Homeownership Journey – Why I Love Being a Homeowner, And Why It’s Not For Everyone 🏡
My home search began at the end of 2018. I was tired of paying my landlord’s rent. And after a couple of months of shopping, I found on a place that met my needs.
Why I Love Being a Homeowner:
🎨 A Space of My Own -- There’s nothing like owning your own space! I can paint the walls whatever I want. I can knock walls down, add on an addition, plant what I want, and do what I want with my own space. And that’s a freeing feeling.
📈 Future Possibilities -- I also love that I can turn my property into an Income Producing Asset. I believe real estate is a great way to build wealth over time, and I purchased my home knowing it would be my first rental. I love that I can transform it into a Short-Term, Mid-Term, or Long-Term rental.
Why Homeownership May Not Be For Everyone.
⏰ Desire & Timing -- Timing is everything. I think the timing is right when you decide you want to be a homeowner, understand the costs, can afford it, and find the property for you.
💰 You may live in an area where homes are super expensive. And there are up-front costs. You’ll need money for your down payment, closing costs, and inspections, etc…Though, there are quite a few grant programs for first-time homebuyers. (This is where working with a great agent and lender is essential to help you build a game plan).
🛠️ Homes Require Maintenance – It’s not a question of IF something will break, but WHEN it will break. I’ve been there. An HVAC unit breaking down in the summer, a Dryer on the fritz…It’s not fun. But it’s also not unexpected. Recognizing that things will need to be replaced overtime, you can budget to handle them.
As an agent and homeowner, I’ll never knock anyone that says they prefer to rent. Trust me. I get it! But if homeownership is something you’re considering, I’m always happy to chat further on the pros and cons.
