Why Buy vs. Rent in Bluffdale, Utah?

It’s a question on everybody’s mind these days: Is it better to rent a home or purchase one in today’s economy? Before you start seeking homes for rent in Bluffdale, Utah, it is important to consider the pros and cons of renting against buying. Check out these benefits of buying your own home before making your decision.

You’ll Have a Permanent Place to Live

If you know you want to stay in the Bluffdale area for years to come, purchasing a home is the best option. When you rent for someone else, they have most of the control. Yes, you’ll have a lease, but a lease only protects you for a year at a time in most cases. When the term is up, the owner of the property may choose to raise your rent or add other stipulations to the contract that make remaining in the home undesirable. The property owner may even decide to sell, which would mean you’d have no choice but to move. Moving is hard work and can be quite tiring to do every year or two, but living in your own home ensures you don’t find yourself buried in packing boxes again unless you truly want to be.

You Can Decorate Your Place However You Like

Another excellent reason to own your own home is the interior and exterior decor. Most rentals don’t have much of a yard, and if they do, it has only basic landscaping. Planting flower gardens, adding playground equipment, or otherwise changing the landscaping will require special permission and is often denied. The same goes for the interior decor. Landlords paint most rentals with neutral colors because they attract more potential renters, and most leases have a clause prohibiting you from painting, putting nails in the wall to hang pictures, or otherwise changing the decor. If you do have the chance to paint, you’ll be required to pay out of pocket to repaint back to neutral colors when you do move out.

You Will Save Money in the Long Run

The average rent for a 1,126-square-foot apartment in Bluffdale, Utah is $1,426 per month, an increase of 4% over the last year. The average mortgage payment for the same amount of space is only $1,133. In one year alone, you could save $3,636 by paying a mortgage rather than paying rent. It’s a better return on investment, too. You aren’t bettering your credit or otherwise showing your financial worth by paying rent to someone who is then using it to pay his or her own mortgage. When you pay the mortgage, property taxes, and so on, you are betting your financial report and credit score.

You Have More Flexible Options

When you own your own home, you have more flexible options. Do you want to turn the garage into a workshop? You can do that. Are you in need of a spare bedroom, a new kitchen, or an updated bathroom? The only person you need permission from is yourself. Perhaps you decide you’d like to move sometime in the future. You can choose whether you’d like to sell your home and put the money toward a new one or if you’d like to become a landlord yourself and bring in extra income each month. Owning your own home means your future is truly in your hands.

Want to take advantage of these benefits? Liberty Homes is here to help you find the perfect house in Bluffdale. Contact us today for more information and to start browsing for the best homes for sale in Bluffdale.

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