Key Benefits of Owning a Home

The process of finding and buying a home can be difficult. First-time homebuyers are usually unaware of just how much their lives will change once they become the owners of a residential property. On average, first-time buyers are responsible for 34% of all home purchases annually. 

Before you start the process of buying a home, you need to get information about what makes a residential property a worthy investment. There is a reason why over 5 million Americans purchase a home every year and it is because owning a residential property comes with a plethora of benefits. The following are some key benefits that come with owning a home. 

A Great Investment

If one of your main goals is to build wealth, then you can’t deny the importance of owning real estate. When compared to other possessions like a car, homes are far more capable of retaining their value. Generally, a home will increase in value if it is properly maintained and located in a desirable neighborhood. There are also a number of ways you can add value to a home. 

Some of the most effective ways to increase the value of your home include:

  • Modernizing your kitchen
  • Investing in energy-efficient upgrades (i.e., new windows, better insulation, upgraded appliances)
  • Install new flooring
  • Have an in-ground pool installed
  • Professional landscaping

Not only can the upgrades mentioned above help you add value to your home, some of them can also boost curb appeals level. If you want to maximize the value offered by these projects, then allowing professionals to handle the work involved is imperative. 

The Opportunity to Acquire Equity

One of the main things you need to make your dream of owning a home a reality is a mortgage loan. Very few first-time buyers will have enough cash sitting in the bank to completely fund this purchase. With a bit of research, you should have no problem securing a low-interest mortgage loan. Every time you make a monthly payment, only a portion will go towards the principal balance on your loan. 

The term equity is used to describe how much of the principal balance has been paid on a mortgage loan. You need to view the portion of your payment that goes towards the principal as money in the bank. The more equity you acquire, the easier it will be to get large loans for things like home improvements or even investment properties. 

The Freedom Associated With Owning a Home

Not all of the benefits associated with owning a home are tied to money. Perhaps the biggest benefit of owning a home is the freedom it provides you. If you’re renting a home, you will be severely limited regarding the changes you can make to your surroundings. However, if you own the home you live in, there is no limit to the changes you can make. This means you can alter your surroundings to fit your changing tastes. 

Now that you know about the advantages of owning a home, it is time to find the right property to purchase in the Santa Clarita Valley.

Santa Clarita Lifestyle Entices New Residents

If you are considering moving to Santa Clarita, you’re not alone. The 26th largest city in California, Santa Clarita, is ranked one of the best places to live in the state and one of the safest in the nation. The city’s population of over 177,641 is growing as many people are enticed by the many advantages the area offers. 

 

Located only 30 minutes from Los Angeles, the Santa Clarita Valley is ripe with excellent public schools and booming with commerce. For many people, the city is an oasis where families and businesses thrive. From its abundance of natural spaces, bustling shopping centers, and the thrill of Six Flags Magic Mountain, Santa Clarita Valley provides new residents the amenities and sense of community that make calling Santa Clarita home a pleasure. Let’s look at what you have to look forward to when moving to Santa Clarita. 

 

Abundance Of Natural Spaces

When you arrive in Santa Clarita, you’ll be greeted by an abundance of natural fauna and wildlife thriving on the area’s many nature preserves. Preserves like Placerita Canyon, Mentryville, and Ed Davis Park offer residents and visitors to the Santa Clarita Valley to enjoy many different outdoor activities. Not only are these nature preserves beautiful places to explore, but they are also rich in the valley’s pioneer and gold rush history.

 

Outstanding Public School System

Many families move to Santa Clarita so their children can take part in one of California’s top public school systems. Most of the public schools in the Santa Clarita Valley have received the state’s distinguished honor of the blue ribbon award, but one high school is listed in the top 10 percent of high schools in the nation. In addition to their rigorous academics, Santa Clarita schools are known for their robust athletic programs that have produced many professional athletes. 

 

Shop ‘Till You Drop In Santa Clarita

With an abundance of booming businesses, you can shop ’till you drop in Santa Clarita! The city’s Valencia Town Center bursts with designer and chain stores, and it’s only growing. Residents of Santa Clarita enjoy shopping and dining at the Town Center and the mall, which has over 150 stores. Suppose you can’t find the treasure you’re looking for at these primary shopping centers. In that case, you can stroll the downtown streets of Santa Clarita and peruse the many goods sold by local merchants and crafters or attend one or more of the community’s festivals and art fairs. Santa Clarita has something in store for any shopper!

 

Find Your Home In Santa Clarita

If you are considering a move to Santa Clarita, you’ll be pleasantly surprised at the housing choices in the area. Contact a local realtor with extensive knowledge of Santa Clarita to find your home and become part of the Santa Clarita family!

 

Why Now Is The Time To Invest In Santa Clarita Rental Properties

After the last few tumultuous years, many people are looking for ways to get back on track, both personally and financially. With all of the different investments on the market, choosing the right one can be difficult. If you don’t like the risk associated with things like buying stocks or cryptocurrencies, then finding an investment that has a track record of providing solid returns is crucial. 

Many financial analysts view real estate investments as fairly safe. Nearly 88% of all housing units are currently occupied in the United. This means that American consumers are willing to spend good money to rent or buy living spaces. Read below for more information on why now is a great time to invest in rental properties in the Santa Clarita area. 

Mortgage Interest Rates Are Very Low

Few investors have the capital needed to buy a rental property with cash. If you are like most real estate investors, you will need to secure a loan from a bank to make your purchase. The great news about securing a mortgage loan in 2022 is that interest rates are still very low. Currently, the average interest rate for a 15-year fixed mortgage is around 5.2 percent. 

By locking in a lower rate for your mortgage loan, you can pay more toward the principal. This means you can pay off this loan sooner. Before choosing a lender to help with your mortgage loan needs, check their reputation and the interest rates being offered. With a bit of research, you can find a lender that fits your needs. 

Increasing Rent Prices

Before pursuing an investment, most people want to know what type of return they can expect. Over the past few years, the rent prices in the United States have increased substantially. If you buy rental properties in highly desirable areas like Santa Clarita, you can charge top-dollar for them. 

If you are new to the Santa Clarita area, you might be unsure about which neighborhoods to buy rental homes in. Working with a real estate agent who is familiar with this area is the best way to ensure the right neighborhood is selected. 

Managing Rental Properties Is Easier Than Ever

Owning rental properties can be a lot of hard work. Some people mistakenly think that all of the work involved in managing rental properties will fall squarely on their shoulders. In reality, there are a number of things you can do to make managing these properties easier. 

Hiring an experienced property management company is crucial when trying to avoid problems with your rental investments. These companies can do things like screen potential tenants, collect rent payments and handle maintenance/repair issues. With their assistance, you can keep your rental properties profitable and pristine. 

Now that you know more about the benefits of investing in rental properties, it is time to take action. With the help of the team at Marcel Cuschieri Group, you can find highly desirable rental property investments.

Home Buying and Selling During the Pandemic: What You Need to Know

Resources to help you navigate the new real estate normal.

Technology and good-old-fashioned creativity are helping agents, buyers, and sellers abide by COVID-19 health and safety practices while getting deals done.

Some buyers are touring houses virtually. Others visit in person while remaining at least six feet from their agent. Sellers are hosting open houses on Facebook Live. Appraisers are doing drive-by valuations. Buyers are watching inspections via video call. Masked and gloved notaries are getting signatures on doorsteps.

“We have had to make some adjustments, for sure,” says Brian K. Henson, a REALTOR® with Atlanta Fine Homes / Sotheby’s International Realty in Alpharetta, Ga. “Everyone is trying to minimize face-to-face interactions. There have been some delays, but mostly, deals are getting done, just with tweaks.”

Here’s what home buying and selling during the pandemic looks like.

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