You may have rented all of your adult life, living in a rented home, apartment, condo, or all of the above at one time or another. As custom green homebuilders in the North Texas area, we know there’s a big difference between those who rent, and those who own their own homes. How could owning a home change you? Here are a few examples of the differences between renters and homeowners.
When you own a home, you become more social. Think about it. Apartment dwellers often don’t make a big effort to make friends, because they’re moving all the time. You may be the one who moves frequently, or you may stay put while all of your neighbors move in and out. Not much sense in building relationships that won’t last! When you own a home, you become more of a social “butterfly” as you come to know your neighbors, and even build lasting friendships. Before you know it, you’re looking forward to a weekend barbecue with friends from around the neighborhood!
Your definition of a weekend warrior changes. When you’re a renter, there is no landscaping to do, or home projects to look forward to. Renters spend the weekend catching up on laundry, maybe going out for Sunday morning brunch at a local greasy spoon after Saturday night out at the bar. As a homeowner, you become inspired by those Home Depot “let’s do this” commercials and find yourself creating a flagstone walkway, planting flowers in the new flower bed you built, and looking forward to future weekend projects. You take pride in the fact that your home is yours – and your weekend priorities change.
Equity – what’s that? This is the question you may be asking if you’re a renter. Maybe you’ve heard the term “building equity” while sitting around your parents’ dinner table. As a renter, you build no equity because you don’t own your property. When you purchase your own home, you suddenly find that the topic of building equity is quite interesting! Equity is an asset. Each time you make a mortgage payment, you’re building a little more equity.
When you rent, you’re essentially throwing your money away. No matter how many thousands of dollars you pay in rent, you will never own the property, regardless of whether it’s a home, condo, or apartment. At Bud Bartley Custom Homes, we know there are literally hundreds of benefits in owning your own custom home in North Texas or other prestigious outlying communities of Dallas. Give us a call today!