3 Myths Of Home Ownership

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Building your new home is one of the biggest steps you will take in your life. Here are some common myths of home ownership debunked to make your home buying decision easier.

Myth #1:  “I’ll Be Stuck In the Same House, Paying Off The Mortgage For 25 years”

A standard mortgage these days is between 25 and 30 years, but it doesn’t mean you’re forced to stay living in the same place for decades to come. The beauty of purchasing new homes in Perth is that your investment increases in value. So your first, second or third home can simply be a stepping stone to your next goal. Plus one day, you will own the home outright, giving you and your family peace of mind.

Myth #2: “It’s Too Hard To Budget”

Many people worry that the incoming costs which come with building new homes will be never-ending. It’s a reasonable concern in today’s economy, which is why the best builders in Perth have come up with the innovative solution of turnkey homes. Sometimes people will employ a builder to construct a house, but take care of the finishing touches themselves; from landscaping to the letterbox. In fact, some builders don’t even include flooring or painting. With turnkey new homes, everything is included in the set price, removing concerns about extra costs (and stress) along the way!

Myth #3: “It’s Cheaper To Rent”

If you’re comparing a weekly mortgage payment to rent payment – sure. But this price comparison isn’t reflective of an overall long-term budget. Spending less on rent week-to-week doesn’t mean you’ll be better off in the long run. When you own a home, its value is going up. If you rent, your rent payments could increase over the years and in the long-term, you don’t have anything to show for it. So it’s well worth speaking to a mortgage broker for advice on new homes (Perth) for sale.

Find Your New Home Now – Fact!

At the end of the day, owning a home of your own isn’t just a financial decision. Home ownership offers security and stability. It’s a place there you raise your family and create life-long memories.

It’s no myth: Summit Homes 

Summit Homes have an extensive selection of single and double storey new home designs (Perth) to suit all block types, budgets and lifestyles. Their exciting selection of new homes in Perth and the South West can be found here .

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