Johnson County Kansas home prices have been on the rise for several years and that trend has continued into 2016. Rising home prices and the stability of the local real estate market in recent years make the Johnson County real estate market a great option for renters looking to make the jump over to home ownership. Owning a home provides the opportunity for equity building as home values rise and when you consider the huge added benefit of the mortgage interest tax deduction that homeowners enjoy, there’s no time like the present to buy a home.
Studies have shown that owning a home is 20-40% cheaper than renting. While renting is a fine short term situation in some cases, when it comes to a long term housing solution, renting is a financial sink hole with few benefits. Renters are basically paying their landlords mortgage while helping them build equity. Today’s low interest rates make it easier than ever to get into a home with a very affordable mortgage payment and take control of your own investment. Mortgage interest rates have risen slightly in recent months and while they’re expected to trend up in 2016, they are still at historical lows.
Now is a great time to get off the fence and get into one of today’s low interest rate mortgage loans — such as locking into a 30 year fixed mortgage with no rising payments — and start enjoying the benefits of home ownership. The Jason Brown Group can help you get with a great local lender to get pre-approved and start the home buying process. It’s easy to find out your ability to purchase a home, determine how much home you can afford and start the home search… Contact us today to discuss your options!
Posted by Jason Brown