“While much has been said recently about the general health of the housing industry, the inherent advantages of owning a home still soundly trump the alternatives.”
Personal comfort and satisfaction go hand in hand with home ownership. For many people, immersion in the design process of their new home offers a unique opportunity to mold its personality, tweak the features with great precision, and ultimately reside in a dwelling that mirror the owner’s goals.
While much has been said recently about the general health of the housing industry, the inherent advantages of owning a home still soundly trump the alternatives. Here’s why:
- Paying the principal on one’s mortgage is forced savings. While it is possible home prices may fall further, your 401(K) may also lose value. Over the long haul, however, both are likely to experience at least modest gains in value.
- Fixed-rate mortgages never rise – and are eventually paid off. With mortgage rates at record lows, investing in a new home now is truly a historic bargain.
The inherent advantages of Timber Frame Home construction of extreme durability, energy efficiency and higher market value – combined with the above benefits, offer a powerful value proposition whose window of opportunity has opened wider than ever.
Which of course begs the question: Why wait?