Categories: Blog, Buying & Selling Your Home | Posted: June 29, 2016
Are you thinking of downsizing? Debating the benefits of owning vs renting? Well, a variety of financial vectors have dovetailed to make 2016 the perfect time for you to get out there and make your move. Here are several reasons to BUY a carefree Cornerstone home this year:
- Record low interest rates
Even though they may creep up at any moment, interest rates on home loans are still at historic lows. Come see us about buying a new Cornerstone home today!
- Skyrocketing rents
Rents outpaced home values in 20 of the 35 biggest housing markets in 2015. What’s more, according to the2015 Rent.com Rental Market Report, an 8% hike is predicted for 2016. Owning a Cornerstone home is a better financial decision all around.
- Stable home prices
For the first time in years, prices that have been climbing steadily are stabilizing, restoring a level playing field for buyers and sellers, even in heated markets. It’s a good time to sell your current home and buy a maintenance-free Cornerstone home!
- Tax breaks
Tax laws favor homeowners, so you’re not just buying a place to live—you’re getting a tax break! The biggest one is that unless your home loan is more than $1 million, you can deduct all the monthly interest you are paying on the loan. Homeowners may also deduct home-related expenses and home property taxes. Why wouldn’t you choose to own – especially in one of Cornerstone’s gorgeous neighborhoods!
- Reverse mortgages
If you’re 62 or older – and want money to pay off a mortgage, supplement your income, or pay for healthcare expenses – consider a reverse mortgage. It allows you to convert part of the equity in your home into cash without having to sell your home or pay additional monthly bills. Before you decide on a particular mortgage, talk to an expert. Cornerstone’s network of lenders can help you secure your new home with financing that works best for you.
In addition to these financial factors, there are also a couple of other reasons to consider buying a Cornerstone home.
- A sense of community!
No matter which Cornerstone home you choose to live in, no matter what amenities you choose to take advantage of, one of the most wonderful benefits we offer is a true sense of community. Our neighborhoods are designed to foster close-knit relationships. From meetings to classes, clubs to teams, you’ll run into your new neighbors all over the place. Before you know it, you’ll have your very own circle of friends!
- It’s time for you!
You’ve raised your kids, worked long hours, and saved for this time of your life. Now is the time to enjoy it. Ditch your old house with its list of chores and worries. Embrace Cornerstone’s carefree life, with the opportunity to do whatever you want – whether it’s traveling, enjoying your family, or pursuing your hobbies. “Lock and Leave”. It’s what we are all about. You can travel for months and know that your home is safe. Spoil yourself – you’ve earned it!