Homeownership is the heart and soul of the American dream. Whether you’re ready for the next chapter in your life, moving for a job, or ready to start a family, buying a house is better than renting. Here’s why:
Allows You to Build Wealth
Owning a home is one of the smartest financial decisions you can make. Not only can it increase your net worth in ways renting can’t, but it also allows you to build equity. Your new home could end up being worth more than its buying price, especially in Utah.
Low Interest Rates
With historically low mortgage rates, buying a home is the most affordable it has been since 2016. Here are today’s current mortgage interest rates:
- 30-year fixed-rate mortgages: 2.750%
- 20-year fixed-rate mortgages: 2.750%
- 15-year fixed-rate mortgages: 2.250%
Rates last updated on October 26, 2020.
So if you’re looking to buy a new home soon, don’t wait. You likely won’t see lower interest rates than this for a long time, so take advantage of this low period and apply for a mortgage now. It could save you a lot of money in the long run.
A Connection to the Community
If you’re continually moving from rental to rental, it’s hard to build a connection to your community. Owning a home allows you to build deeper relationships with your neighbors and recaptures the lost charm of a friendly handshake and hello.
A Place to Call Your Own
Finally, building a home with Holmes Homes this year means that you’ll have access to our customization services. Once you’ve chosen your floor plan for your new home, you can get to work with our team to make the floor plan fit your individual preferences and needs.
The customizations range from color changes to style changes, and so on. You’ll be able to put your personal stamp on your new home before you ever move in.
Stop Renting and Start Owning
Are you ready to get out of the renting game and into homeownership? Condominiums are often one of the best options for building equity, especially for first-time homebuyers. Here’s a glimpse into our condo communities.
Jordan Heights at View 78
Jordan Heights at View 78 is our new community that allows residents the opportunity to live the remarkable life they’ve always wanted, all within the cozy Wasatch Mountains. There is plenty of fun to be had, from endless hiking trails and world-class terrain to the fresh dishes and open-air setting at Top Golf. In the city, enjoy running and bike riding on the Jordan River Trail or family fun at the Copperview Recreation Center. This community invites residents to go outside and play.
Nestled in the Oquirrh Mountains foot, this Daybreak community invites residents to get outside and play by offering a colorful, urban setting. Not only is it right across the street from the Trax station (giving you access to the entire Wasatch Front), it’s also kiddy-corner from the University of Utah South Jordan health clinic. Close enough to live away from the hustle and bustle of the big city, Daybreak is a short drive from the Salt Lake City area, an hour from the majestic spirit of Park City, and minutes from endless entertainment.
Begin Your Homeowner Path with Holmes Homes
Holmes Homes is FHA-approved, making us a solid option for first-time buyers. Holmes Homes has been building quality homes for five generations now. With communities in Daybreak, Draper, Herriman, Layton, Park City, St. George, and more coming, we’re confident our homes will meet your needs. Contact us today at [email protected] to begin your path towards homeownership.