According to the U.S. Census Bureau, in 2000 the homeownership rate in Livingston County was 88%. That is more than 20% higher than the national rate. I still wonder about the other 12% in our county. There are many good reasons to rent but for some of you, taking a look at the numbers might convince you otherwise. If I have caught your attention, I have many compelling arguments as to why you should purchase your next home.
To start, there is a surplus of homes for sale in Livingston County with some highly motivated sellers. Interest rates are still low and zero down financing is becoming more widely accepted. Often it is that initial down payment that discourages potential first time home owners. Once you get into your home, you will be subject to some new costs such as property tax and homeowner’s insurance but the tax credits you are allowed will provide some benefit you would otherwise not be entitled to.
Another important item to think about is the equity you build. A house isn’t just a home, it’s an investment. Each month, instead of rent, you are increasing the equity that you have in your house. When you move, you should have something to walk away with that would otherwise be in your landlord’s pocket.
Below are three currently listed homes. Each of these houses would be great for someone considering their first home purchase. The prices range from $169,900 to $179,900. Looking at the monthly payments, you might be surprised to find that homeownership is more attainable that you first thought. If you are interested or have any questions, The Buckley Jolley Real Estate Team would be happy to assist you in any way. Give us a call at 810-229-7000.
To start, there is a surplus of homes for sale in Livingston County with some highly motivated sellers. Interest rates are still low and zero down financing is becoming more widely accepted. Often it is that initial down payment that discourages potential first time home owners. Once you get into your home, you will be subject to some new costs such as property tax and homeowner’s insurance but the tax credits you are allowed will provide some benefit you would otherwise not be entitled to.
Another important item to think about is the equity you build. A house isn’t just a home, it’s an investment. Each month, instead of rent, you are increasing the equity that you have in your house. When you move, you should have something to walk away with that would otherwise be in your landlord’s pocket.
Below are three currently listed homes. Each of these houses would be great for someone considering their first home purchase. The prices range from $169,900 to $179,900. Looking at the monthly payments, you might be surprised to find that homeownership is more attainable that you first thought. If you are interested or have any questions, The Buckley Jolley Real Estate Team would be happy to assist you in any way. Give us a call at 810-229-7000.
429 MontclairHowell, MI
$169,900
335 S. Second St
Brighton, MI
$175,000
1619 NewgateHartland, MI
$179,900
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