We know how much you love Colorado. Believe us, we understand. The Denver, Colorado area has everything anyone could want in a place to call home, from amazing outdoor recreation to beautiful houses and excellent schools. So you’re certain you want to live here, but now you’re wondering if you should own or rent. There are many reasons why buying a home is better than renting in Denver. We are confident that you will agree and be happy with your decision.
Why Buying a Home is Better than Renting in Denver
• Do you want to decorate your home the way you want? Maybe tear down some walls to create larger rooms? Grow a vegetable garden in the backyard? Grill your favorite meals outdoors without violating any rules? Do you want two dogs, two cats and a couple of birds all at the same time? We can go on and on, but you get the picture.
One of the main reasons why buying a home is better than renting in Denver is that it is your home. You can use it how you want and make it look how you want. It’s all up to you, not your landlord.
• An undeniable benefit of owning a home rather than renting is that your expenses will add up – and we mean that in a good way! When you rent, you pay those fees and they’re, poof, gone, never to return – except for maybe the initial deposit IF you followed their rules. On the other hand, when you own the home, your mortgage payments equal equity. If you’re there long enough, you could pay off the debt and live mortgage-free for the rest of your time in that home.
Here’s a tip in that regard: Try to pay more than the minimum payment every month, or try make an extra payment once a year. You’ll pay off the loan faster. Just make sure there isn’t a penalty if you pay off the loan too early.
• Of course, excellent financing options are another reason why buying a home is better than renting in Denver. Talk with your loan officer from the Wilcock Team of NOVA Home Loans about your particular circumstances, and he will make sure you get the best mortgage to meet your needs.
By the way, you can get tax benefits if you own a home as well. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes and some of the costs involved in buying a home.
Contact the Wilcock Team to get your Loan Started
If these are not enough reasons to appreciate home ownership, contact us through our Wilcock Team of NOVA Home Loans website or by phone at 720-593-6682. We’ll give you a whole lot of other reasons. After all, we know them first-hand because we are homeowners too. We’ll look forward to welcoming you into our community!