But those are just my reasons. I asked a few of my clients and friends to tell me why they decided to stop renting and buy a home. Here is what they said:
I bought a condo for one main reason: I was tired of lighting approximately a million dollars on fire every month for rent and wanted to start paying myself instead of a rental company. It still makes me happy every day to come home to my place and have it be my place.
I was living in a 550 square foot apartment that had gone from $975 to $1100 per month. I decided that I should at least look for what kind of place I could buy and pay the same amount each month for my mortgage payment instead.
We decided to pull the trigger and own instead of rent because we wanted a home to take care or that was our own. We were renters for decades and every home or apartment we rented we took care of it as if it were our own. We would paint or landscape, etc. But, we always said that we wished we could be taking care of something we owned and not someone else's property."
Do you have a great story about making the switch from renting to owning? Or, do you want to buy your first home and make your own story? Let me know. I'd love to hear your story or help you create yours!
Emily Baker has been an educator in North Denver since 2012. She taught 4th grade for many years, before transitioning to Middle School English. She loved her job working with children, and now her job as a realtor. With Equity for Educators she is able to combine these two passions.