As the temperature in many 5 Reasons Why Winter is the Perfect Time to Buy Your New Homeareas of the country starts to cool down, you might think that the housing market will do the same. This couldn’t be further from the truth! Here are 4 reasons you should consider buying your dream home this winter instead of waiting for spring!
1. Interest rates are only going to increase
Sure, you could depend on the market to favor your decision to not buy a house, though that would be in opposition to the general consensus among most analysts. Analysts from Fannie Mae, The National Association of Realtors, and the Mortgage Bankers Association, all of which are reputable sources, agree with the prediction that rates will only increase as time passes by.
2. Buying a house is always a good investment.
Mark Twain said that only two things are guaranteed in life, death, and taxes. He, however, failed to acknowledge that Americans are intent on buying a house. In fact, the idea of “The American Dream” includes owning a home for your family. As a result, people will always be in search of a home for themselves, as the idea of being a homeowner has been the goal for many Americans since they were young. This brings me to my next point.
3. Home prices are sure to increase.
This means that no matter what, the value of that house will rise, as more Americans will be more willing to pay for a house. It’s a simple case of supply and demand. More people will want homes as a result of America’s gradual population increase, and more people will want to fulfill that American dream. These two conditions in conjunction will decrease supply and increase demand, thus increasing the price of the home over time. This makes buying a home not only a good investment but an effective way to save money on an asset that will only get more expensive.
4. You deserve to treat yourself this holiday season.
Sure, this one isn’t nearly grounded in fact as the others, but think about it. You’ve worked hard this year, and you deserve the best for yourself. You already know how smart of a decision this is, so why not take the steps to better your life financially and personally?
5. Buying a home marks the next step in beginning a new life for yourself.
With the new year on its way, it’s time to start thinking about building a life for yourself. Do you want to start a family? Do you want to take care of your parents in their old age? Do you want to finally walk on the path towards owning something as valuable as a home? If any of these apply to you, then maybe you should take the necessary steps towards buying a home and bettering your life.
Truth be told, right now is always the best time to buy a new house. The prices are as low as they’ll ever be, and a house will always appreciate in value. Why not take advantage of the opportunities in front of you and make a financial decision that will benefit you and your future?