The Top Reasons To Own Your Home in Yardley, UK

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Owning a home gives you security and peace of mind. You can stay in the same place for years, grow old there and pass it on to your kids or friends if you so wish. To own your home also means lower maintenance costs, and the ability to personalize it as you wish.

However, buying a home is not easy – unless you have the right knowledge and information. Here are some reasons why you should buy a home in Yardley with the help of estate agents Yardley:


Your home is your biggest asset

A home boosts your financial security by building equity and is your biggest asset. If it’s your primary residence, you can eventually apply for a reverse mortgage to access the equity in the home’s value. You can even sell your home to fund your retirement. If you rent, you don’t own the asset and don’t have these benefits.

Mortgage is the easiest way to own a home

If you’re ready to buy a home, a mortgage is the simplest way to go about it. You can also get a home equity loan, which is like a second mortgage, but at a lower rate.

If you’re renting, you can’t get a mortgage. You have to save money and have a sizeable down payment with a bank, credit union or a financial institution. Owning a home gives you the security of a monthly payment, while renting doesn’t give you that sense of responsibility.

You can enjoy tax benefits as a homeowner

As a homeowner, you can deduct the interest on your mortgage and real estate taxes from your annual income taxes. You also can write off maintenance and repair costs. If you’re renting, you don’t get these benefits. But if you’re renting and want to transition to owning, you can start saving extra cash and put it in a special home-buyer’s savings account.

Owning a home means no rental worries

Renting gives you very little long-term security. You need to keep track of your landlord’s plans and whether the company has plans to sell the house or raise the rent. If you buy a house, you don’t have these worries. You can stay in the same place and not worry about rental increases or finding a new home.

Protection against market volatility

Owning a home gives you protection against market volatility. If you rent, you have no control over what happens to housing prices in your area. If you buy a house and choose to sell it later, you have more flexibility and can choose the best time to sell. Some people choose to buy a home in a declining market because they can get a good deal on their purchase.


Buying a home gives you the security of knowing that you have a place to live. It also makes good financial sense: you can eventually sell your home and use the profit from the sale to help fund your retirement. However, buying a home isn’t as easy as it sounds. Before you do it, make sure you’re ready for the responsibility that comes with it.

If you’re ready to take the plunge and buy a house, you’ll need to get pre-approved for a mortgage first. This way, you’ll know how much you can afford to spend on a house and be able to buy something suitable. Once you’ve found the right home, you’ll need to make an offer on it. And when you’ve made an offer, you should make sure to follow up until you get a response.

About jordonsmith smith

I am david warner games journalist with 15 years' experience, beginning my career on Edge magazine before working for a wide range of outlets, including Ars Technica, Eurogamer, GamesRadar Gamespot, the Guardian, IGN, the New Statesman, Polygon, and Vice. I was the editor of Kotaku UK, the UK arm of Kotaku, for three years before joining PC Gamer.

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