Vintage Township

We all want a place to call home. But how do you decide whether renting or buying a new home is the right choice for you? There are many factors to consider from financial pros and cons to what choice best fits your lifestyle and goals for the future.  Below are few reasons that outline why buying or building a new home can truly be to your advantage.

1. Security – The feeling of security that comes from owning a home and the knowledge that your home is a safeguard against inflation. You are the only one that will have the keys.

2. Investment – Payments on your mortgage mean that you are acquiring a major possession over time. Instead of rent, every payment you make means you own more and more of your home. The garden you plant, the permanent improvements you make – all enhance your way of living as well as the value of your home.

3. Tax Advantage – Depending on your situation, all or portions of your real estate tax and interest on your mortgage may be deductable from your income tax.

4. Saving Money-Buying is usually cheaper in the long run. In the first few years renting may be cheaper, but over time the interest part of your payment should be lower than comparable rent.

5. Steady Payments-As a renter, you run the risk of your lease cost going up. With a fixed rate loan, you can set your payment and keep it there for the duration of the term.

6. Better Credit Opportunity-It will be much easier to apply for other loans if you already own a home. You can build equity over time and borrow against the equity if you choose to. Credit card companies also typically favor home owners.

7. Freedom-You choose what you want your home to look like, inside & out and the decision making even extends to the yard! And no need to worry about that upstairs neighbor stomping around at 1 a.m.

8. Sense of Pride – This is a “feel good” reason – but its true, at least for most people. You’ll have a greater sense of accomplishment when you own a home.

All these things considered, buying a home isn’t for everyone. Take the time to make an informed decision and you will be glad that you did. Our Housing Expert, Tana Patterson, will be happy to sit down with you and help you determine what kind of housing at Vintage Township will best suit your needs. Vintage currently offers homes for sale starting at just $130,000 and ranging up to $1 million in a neighborhood offering more amenities and more choices than any other neighborhood in Lubbock. Call 806.771.1117 today and experience the Vintage difference.