Pride in Owning: Most people buy homes to have control over where they live. Although investment features are important, the psychological reasons for buying—the satisfaction of owning and the freedom from paying rent—are at least as important. In a recent National Association of Realtors (NAR) survey of 6,000 homeowners and 2,000 renters, 76% of owners and of renters considered pride of ownership an important reason for buying a home.
Dislike Paying Rent: Almost 7 in 10 home owners admit that their dislike of paying rent was an important factor in their decision to buy. Although renting offers a lifestyle that’s nearly maintenance free, it offers you no equity, no tax benefits, and no protection against regular rent increases. Writing a rent check is just like watching your hard-earned money slip away.
Good Investment: 76% of owners and 69% of renters said the investment aspect of ownership was important.
Tax Advantages: Property taxes and qualified home interest are deductible on Schedule A for itemized deduction.
Long-Term Appreciation: People consider home ownership a good investment because they view it as a long-term venture. Historically, home prices have risen at relatively steady rates. For example, existing home prices rose an average of 4% per year between 1980 and 1992.
Leverage Investment: People borrow a great deal to buy a home, yet they receive the full benefits of price appreciation. In the long run, investments in homes greatly outpace inflation.
Source of Savings: Home ownership always has and continues to comprise the single largest source of savings for American households. Homeowners build equity and can borrow against it.
Sacrifices Are Worth It: Almost 7 in 10 renters in the NAR home-ownership survey said they planned to buy a home in the future. More than three-quarters of these people said they were willing to sacrifice to do that.
Check out some of the beautiful new listings just hitting the market in Pearland!
Surviving COVID: Pearland couple opens up about scare
on March 3, 2021 at 9:09 pm
One year ago, we were hearing about the first coronavirus cases in the Houston area. A couple from Pearland was among the first to test positive. “I’m back to normal, thanks to God," Belinda Galindo ...
One year later: Pearland couple reflects on surviving COVID
on March 3, 2021 at 1:09 pm
Belinda and Ernest Galindo say they have a new appreciation for life after a scare with COVID-19 last March. Now, they're reflecting on the last year of their lives.
Greyhound Grad Named Berry Miller Junior High’s Teacher of the Year
on March 3, 2021 at 12:41 pm
Denise Haeber Hahn, who graduated from Eastern New Mexico University with a double major in radio/TV production and journalism in 1992, was recently named Teacher of the Year at Berry Miller Junior ...
City of Pearland adjust water bills to aid customers hurt by winter storm
on March 3, 2021 at 2:47 am
The city of Pearland is adjusting water bills for the period including the recent winter “We’re making some accommodations (because) we recognize the impact on people,” said City Manager Clay Pearson.
Pearland City Council decides how to charge residents for water usage during winter storm
on March 2, 2021 at 12:52 pm
Pearland City Council voted on how to bill residents for the water used during the 2021 freeze at its March 1 meeting.
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