Bill, a 20-something recently bought his first home.
Obviously not wanting to throw away rent payments every month, the fact that owning is actually less expensive than renting right now, and building wealth were reasons that weighed into his decision to buy.Â Bill said though that those aside, there are non-financial reasons for buying a house that he and his peers discuss more often than we might think.Â
As homeowners, Bill and his wife and now host more parties than their friends who live inÂ apartments (a mere space).Â They have the freedom to customize theirÂ home with preferred paint colors and appointments, and they have a fantastic dog.Â Bill said they often hear from our friends, â€œI canâ€™t wait to get a house because I have always wanted my own puppy.â€
As a young buyer, Bill and his wife of course wanted to make a smart decision.Â They wanted to understand the numbers and feel that they made a good buy.Â The smart decision and the good buy were not what Bill woke up dreaming about for two years.Â He woke up dreaming about the Door CountyÂ home he would raise his family in, the Door County school they would attend, the family room they would share Christmas in, and the backyard where they would have summer barbecues with friends and neighbors.
Whether you are a first-time Door County home buyer, or you are a Door County vacation home buyer, I want to know what your dreams are.Â What are your goals?Â What do you wake up in the middle of the night to tell you partner?Â The financials are important of course, but real estate is about helping people realize their dreams.Â
Homeownership, whether first time or vacation home, isnâ€™t right for everyone.Â People who cannot afford a home should not buy one.Â For the majority of families and individuals though, homeownership is important.Â
There was a time where the seed money to start oneâ€™s business came from the equity in their home.Â The equity in their home provides the money to send their child to the college of choice.Â Â â€œHomeâ€ is the place our children return to when they cannot find gainful employment after college. Itâ€™s the place our family members return to after their own homes are ravaged by a tornado, fire or a storm like Sandy.Â If you are buying a Door County vacation home, the home you struggled to buy 20 years ago may very well be the financing for your Door County dream.Â
Call me today and weâ€™ll talk about your dreams and goals, weâ€™ll talk about homeownership and whether it might be right for you.Â There is value in homeownership, letâ€™s see if it is right for you!