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June is National Homeownership Month! If you’re renting and considering buying a place all your own, you’re in good company. There’re so many reasons why people decide to take the plunge and buy over renting. If you’re on the fence about it, here are some of the top reasons people decide to buy.

It might just be that you want your own space. Whether that’s more space than you have now or not. But sometimes it is equally important to have privacy, as it is to have square footage. When you buy, it’s yours. No landlords or supers on the premise, just you and your family. 

And speaking of family, buying also offers you more flexibility in who you have live with you. Perhaps you need to take care of an aging parent or a loved one who needs assistance. Buying can allow you to do this with more freedom. You can also arrange the space in a way that makes sense for those needs. 

Buying lends more stability over renting. You know where you’ll be and there’s no end point like on a lease. This can be reassuring for families in and of itself. You might not need more reason than this. 

Homeownership is a great long-term investment. No matter how you look at it, if you have the ability and funds to take this leap, it will pay off in the long run. It’s cheaper over the years to buy than to rent. And depending on your situation, home, location, and the improvements you put in, you could even see a return later on.

You can tailor your home to your aesthetic, style, and needs. And it’s much easier to do these tweaks when you own your home rather than going through a landlord for approval for any upgrade or changes. Want a sunroom or porch added on? That’s your decision now. Want to paint a bold accent wall? No need to ask. Need more accessibility options in the front of the house? You can make it happen.

Owning allows you to be more permanent and also invested in the surrounding community. You might meet other neighbors more easily now that you’ve put down roots in the community. It helps foster a greater sense of belonging. 

If any of these reasons ring true for you, it might be a great time for you to consider buying a home! And we at Cheriton Storage have all your storage needs covered for the move or once you’re settled! Give us a call today at 757.710.1079 to speak further.