Buyers

Why do people buy houses to begin with? Well for starters they are a great investment. Even when the market is stagnant, or dropping, owning your home means you’re not handing money over to a landlord indefinitely. When you buy, you have the option of living in your home, renting it or even using it as a vacation property. Additionally, you get full creative control over decorating, remodeling, landscaping and other home projects that are not available to you when living in a rental.

• Investment: Obviously investing your money is a better option than passing it out to strangers on the sidewalk. You might not view renting as passing out your hard earned cash, but ultimately many people, especially in the East Lansing and Okemos areas, pay $1,000 or more dollars a month in rent and at the end of the year, they have nothing to show for it. Houses tend to appreciate 4% to 5% annually. This of course depends on the market; whether you take care of your home and the area that you live in.
• Tax Breaks: These are a great incentive for any homeowner and include mortgage interest deductions, property tax deductions and more. You can even get tax breaks when you make your home energy efficient, which saves you additional money in utility costs.
• Sick of Moving: This is a big one and anyone who has rented for a couple of years, knows it well. When you rent, there is this underlying feeling of instability that seems to follow you everywhere. Every year, you’re faced with the end of another lease and the probability of yet another move, which involves endless days of packing boxes, renting moving trucks, finding a new place, unpacking, rearranging, only to do it all again 12 months later.  Purchasing your home gives you the ability to grow some roots in the area that you love, get to know your neighbors and find some balance in your home life.
• Great Deals: Right now is a great time to buy. As the housing market recovers and many banks offer rock bottom interest rates, you can afford to buy your dream home for less money than it costs to rent. Additionally, many sellers are motivated and may offer creative financing, deeper price drops and other appealing incentives. I’m selling homes in East Lansing for less than $200,000; these are amazing deals near Michigan State University where the influx of students, professors and other professionals make the area a popular destination.

            East Lansing House for Sale