Contrary to what some St. George folks may tell you, owning a home can still be a smart financial move.
Though the Utah and national housing market has had a downturn in recent years, a home can still be a good investment. Your initial down payment can multiply itself many times over when it comes time to sell, especially if the home is in a desirable St. George neighborhood. Both the interest on your mortgage and your property taxes are tax deductible, which means the government is basically subsidizing your purchase.
Buying a new or used Salt Lake City home is also financially advantageous because with a fixed rate mortgage your current monthly payment will be the same for as long as you stay in your home. Contrast that to renting where you can expect your rent to increase annually. Just imagine the monthly rental rates in St. George thirty years from now, or even ten or fifteen.
I believe that for the most part, St. George homeowners have a better quality of life than renters. (As a professional St. George real estate agent, though, I am probably a bit biased.) Buying a home can give you more living space, inside and out. You can choose which amenities you want and can improve upon the original. Salt Lake City homeowners have the freedom to create an environment of their choosing, and the money you put into your home improvements will benefit you, not a landlord.
If you are in the St. George real estate market to buy for the first time, searching for your own St. George realtor can be a daunting, but necessary task. Look for an agent prepared to give referrals and make sure he or she is familiar with the neighborhoods you’re looking at.
Hi, my name is Chris Johnson and I’m a real estate agent who has years of experience with commercial and land in Salt Lake City. My passion is helping potential home owners find their perfect Utah property.
Let’s schedule an informal meeting and I will come prepared to listen to your specific wants and needs, advise you through the process and help you navigate the specifics and paperwork. Call 801.938.3466 today!
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