The Benefits of Owning a Home
There’s no place quite like home. With a growing number of people considering ownership, take a look at the advantages of owning a home and we can help you decide if you’re ready to put down roots.
Beat the market.
While renting provides the flexibility and low-maintenance living that tends to attract younger Americans, buying can often be less expensive than renting. While home values and trends continue to fluctuate, the right time to buy a home is when you’re ready to buy a home.
More savings to go around
We build our homes smarter. That means water-saving features, UV-blocking windows, and a climate-sealed home* among others that mitigate the costs of a mortgage. Living in a Meritage home means you can live comfortably, both in terms of lifestyle and finances.*
Water-saving features*
UV-blocking windows*
Climate-sealed home*
Get to know HERS.
The Home Energy Rating System, featured in a number of Meritage model homes, measures a home’s energy efficiency on a scale of 150 to 0—the lower the score the better.*
100 | Typical new home score
80 | Considered an ENERGY STAR® rating
61 | Average HERS score of a Meritage home
You won't be alone.
After the financing begins, we’ll help you through each stage of the build process that includes pre-construction meetings, orientations, design center visits, and laying down the foundation.
Things can add up. Make sure you’re well aware and equipped to calculate not just your potential mortgage, but other expenses including utilities, HOA fees, and more. Also, keep the PITI rule in mind:
Principal | Interest | Taxes | Insurance
2. Make lists of your needs
Like making lists to stay organized? Here’s where lists can really shine. Make a list of must-haves, wants and wishes to ensure you keep a clear focus on what’s needed and what can be sacrificed when looking for a home.
3. Get emotionally prepared
Owning a home is an investment. Financials aside, pride of ownership comes with long-term responsibility, time and maintenance that may need some extra preparation.
Possible Advantage to Owning:
● Tax breaks
● Stability
● Builds equity
● Roomier, more comfortable living
● Commitment
● Freedom for home improvements
Did you know?
28%
Once they move out, 28 percent of millennials plan to rent out their home rather than sell.
Source: https://www.redfin.com/blog/2016/05/5-ways-millennial-homeowners-are-different-and-what-it-means-for-housing.html
In 2015, millennials, the largest generation in American history, purchased 35 percent of homes sold in America.
Source: https://www.nar.realtor/reports/home-buyer-and-seller-generational-trends