Ignite FB Tracking PixelThe Values of Homeownership - Lorie Sauer

The Values of Homeownership

by Lorie Sauer 05/12/2019

You’ve never owned your own home and your thinking about buying. Transitioning mentally from renter to owner can be confusing at times. As a renter, you haven't had to deal with the ins and outs of owning your own home, and as you examine the reality of ownership, it can seem like it involves more cons than pros. You have to take care of all maintenance, repairs, insurance, upgrades and more. With all the added work to maintain only to one day resell your home, it might not seem worth it. So why is buying a good idea? Here’s why!

Consistent monthly payments

As a renter, you constantly are subject to rent increases. Depending on your city or neighborhood, this might be a small percentage annually (if your rental unit is under rent control), or an annual increase determined in your rental agreement. In many cases, your rent is subject to your landlord’s discretion at the end of each term of your lease, and if the property value and quality of living go up in your neighborhood (as you hope it does), it could price you out of your favorite living space. When you choose to purchase a home, you make a longer commitment, but your monthly payments are guaranteed to be the same throughout the repayment of your fixed-rate mortgage. Living with no surprise changes allows you to set budgetary and lifestyle goals further into the future, and the certainty to achieve them.

Equity and future cash flow

Yes, you will likely need to take out a loan to purchase your own home. The upside to ownership is that every mortgage payment you make increases the percentage of equity you have in your home. When you rent, you are only paying toward the term of your lease and the owner of the rental property gains all the equity. Investing in your own property helps your financial stability for the future. The more equity you have, the better your net worth and the more you can invest in other properties or goods. The more stake you have in your home, the more valuable it becomes to you when you want to sell your property in the future—to create cash flow, or to invest in a new home, other property, or your retirement lifestyle. 

Apart from the personal value of owning your own home—taking care of it, raising a family there, or starting a new life in your place—the investment can add even more value to your life. If you’re considering your first home purchase and aren’t sure about the commitment or investment value, speak with your local real estate agent for the best advice for you. Review your current means, your interests and abilities, and your life goals and let them help you make the right decision.

About the Author
Author

Lorie Sauer

Migrating from Buffalo, New York to the Lowcountry, Lorie Sauer exudes enthusiasm. She had a very successful multi-year career as Director of Catering for multiple historical properties in Buffalo prior to moving to the south. Lorie always wanted to utilize her sales, marketing and customer service skills in the real estate business and now has her opportunity to make her mark. She believes in the concept of win-win and works hard for her customers.

Lorie loves life in the Lowcountry believing in the importance of being involved in her community. She supports many family activities from the Girl Scouts to River Ridge Academy school events as well as serving on her neighborhood board. Lorie is a local art instructor and previously owned a favorite art studio for children and families alike called Creative Outlet SC.

She lives in Bluffton with her husband & three lovely children. Lorie is a frequent visitor to the beach, enjoys outdoor adventures as well as entertaining family and friends.


Lorie’s career strengths, customer marketing support skills, and positive community activism will be the backbone of her real estate career success.