Bakersville North Carolina has many homes for sale. If you are looking for your forever home, be sure to check out the properties that Dream Mtn Realty has to offer. The town of Bakersville dates from the 1850s and was named for David Baker, a Revolutionary War soldier and one of the first to live in the area around 1790 and described as “a large landowner, innkeeper, merchant and political leader until his death in 1838. Bakersville is famous for being the home of country music singers Merle Haggard and Buck Owens, and has the nickname “the country music capital of the West Coast.” This is a result of the large number of Dust Bowl refugees that settled in the area. Most people seek to be in the mountains and luckily Bakersville NC is nestled in the Blur Ridge Mountains, giving you that perfect small-town vision you have been seeking. Here you can expect American comfort food, savory sandwiches, classic burgers, and a few salads. For beers, the most popular choices are the Streets of Bakersfield IPA and the award-winning Under a Blood Orange Sky wheat beer that you can also often find sold at surrounding grocery stores.
Bakersville NC has a lot to offer to the one searching for seclusion and that small-town atmosphere. This is the perfect place to find your first home purchase. Thousands of people rent homes for the entirety of their lives, in this article we will discuss why you should buy instead of renting and why it is better in the long run.
Why Buying is Better than Renting
The benefits of owning a home instead of renting offer buyers several tax advantages, the ability to grow equity, and of course a place to call your own. It’s also a feel-good milestone that offers a sense of pride and accomplishment. For a lot of people, owning a home is worth it because it gives a sense of security and stability that renting won’t bring. Renters do not have the opportunity to make long-term investments in their property, which will appreciate over time and increase their net worth. As a renter, you don’t build equity over the long term and if you leave, you don’t get to take any profits with you. Owning a home can be empowering and emotionally rewarding. The money you spend on your mortgage every month and improving your home yields a long-term investment benefit for you instead of a landlord. In general, the short-term costs of renting are lower than the costs of buying a home. Taking out a mortgage usually requires a down payment (usually anywhere from 3.5% to 20%), plus all the extra costs mentioned above. When you look at the big picture, a mortgage could be cheaper in the long run. If you’re a homeowner, chances are you’re worth much more than someone who rents, according to the Federal Reserve’s 2020 Survey of Consumer Finances. Homeowners have a net worth that is more than 40 times greater than their renter counterparts, which reinforces the idea that owning a home is a smart financial move. Granted when you rent you are paying for a place to rent, but it will never be “yours” ownership gives you a property to build your future on, and when you own a home you can make any changes you see fit for your home.
Cons of Renting:
- Your landlord can increase the rent at any time.
- You cannot build equity if you’re renting a property.
- There are no tax benefits to renting a property.
- You cannot make any changes to your house or your apartment without your landlord’s approval.
- Many houses available for rent have a “No Pets” policy.
You’ll be putting a lot of money into the property, and its value can rise or fall with the economy. Plus, unlike renting, a house helps you build wealth. Many experts believe buying a home is a great investment because it’s a fairly safe place to put your money, and home values generally increase over time. As we get older we want to put our money in the right places and make all the right moves for our future. Investing in a new home should and will pay off. The more you do to your home will over time continue to increase the value of your home. Right now is the time to buy a home in Bakersville NC. The cost of homes is lower in this area where it is rural and small, although one would think the cost would be higher, it is not. In most of the largest metropolitan areas in the U.S., the typical cost of rent exceeds the typical cost of monthly mortgage payment and that spells an opportunity for homeowners considering renting out their properties in those locales.
Investing is an effective way to put your money to work and potentially build wealth. Smart investing may allow your money to outpace inflation and increase in value. The greater growth potential of investing is primarily due to the power of compounding and the risk-return tradeoff. Take the leap, and purchase your dream home, later on down the road the market could rise and your home could triple profit for you.
Dream Mtn Realty; Bakersville NC Homes for Sale
Dream Mtn Realty has several properties located in the Blue Ridge Mountains. Where you are able to find the solitude you have been looking for. If you are looking for your forever home contact us today!
