For most of us, owning a home is a big deal. But deciding to make that move depends on a bunch of things – what you want in the future, how much money you currently have, and your current lifestyle. If you’re renting and feeling ready for the next big step, here’s what’s waiting for you when you decide to own your own home.
Investing in Yourself for the Long Run
Renting and owning a home require regular payments, but the difference is on where that money ends up. Imagine this: the monthly rent you’re paying to your landlord could have been mortgage payments dedicated to your very own space. Would you rather put your money into a home that’s never really yours or into one where you can kick back and call the shots?
Feeling Stable and Free
No more dealing with a landlord’s rules – No more worrying about rent going up every time your lease is up. And if your landlord suddenly decides to sell the rental property? You won’t have to pack up and leave. With your own house, you don’t have to worry about any of these.
Building a Community
Once you’re settled into your dream home, you can then form life-long bonds within your community. Unlike in an apartment building where you don’t even meet your neighbors, and tenants often come and go.
You can enjoy a strong sense of belonging in knowing that you have a reliable circle of neighborhood friends to share your homeowner journey with.
Owning a home comes with significant emotional benefits that range from a deep sense of accomplishment from having achieved a lifetime goal to the satisfaction of having a space where you can be the best version of yourself.
But financially, it is also a smart move since it contributes to your personal and generational wealth. Real estate properties in developing areas like Lancaster New City appreciate in value over time, therefore providing you with better return on investment. Accrued tax advantages of homeownership may also be passed down to your heirs, who can inherit the home at its peak market value.
Good thing you can enjoy both at Westwind at Lancaster New City! This new low-rise condominium in General Trias, Cavite has spacious 1-bedroom, 2-bedroom, and 3-bedroom units, plus lifestyle-themed open spaces that lets you enjoy a connected, healthy, and convenient living.