Why Buy Instead of Rent

Posted 09/11/2023

For many, the dream of owning a home is more than just a financial milestone; it's a symbol of
independence and a canvas to create your ideal space to make cherished memories. Securing your
own abode brings with it a multitude of advantages that extend far beyond the realm of mere
property ownership, revealing an array of compelling reasons to invest in your own piece of real
estate.

At Higgins Homes, we understand that with a challenging economic environment the biggest
difficulty, especially for first-time buyers, is often saving a big enough deposit, which can keep those
who wish to buy stuck in a renting cycle. That's why we work with buyers to discuss their needs to
eliminate as many obstacles to home ownership as possible. Offering a range of financial incentives
to help them not only buy a high-quality, contemporary residence, but to turn it from a property into
a home, too.

Here's a look at a few of the invaluable advantages of buying versus renting a home.

1. Freedom to personalise your home
When renting, you sign a tenancy agreement with restrictions and limitations, even down to hanging
a picture on the wall, which is typically only for a year or less. The prospect of creating a haven that
you can invest in and that truly reflects your personality and style is one of the most rewarding
aspects of homeownership. You have the liberty to decorate and adorn your living space as you
please, without the need for external approval or the disappointment of your tenancy agreement
ending, fostering a sense of belonging and comfort that is truly your own.

2. Investment and financial growth
Every mortgage payment made towards homeownership contributes to your personal investment
and serves as a stepping stone towards complete ownership. Unlike renting, where monthly
payments yield no tangible return, buying a home is a step towards building equity and securing a
valuable asset for the future.

Understanding the challenges associated with saving for a deposit, which make it difficult for many,
particularly first-time buyers to own a home, Higgins Homes offers tailored financial incentives to
make homeownership more accessible. From deposit top-ups to covering legal fees and stamp duty,
these initiatives significantly lower the initial expenses, allowing a wider audience to achieve their
dream of owning a home.

3. Control over maintenance
Owning a home grants you the autonomy to organise and manage repair works efficiently, ensuring
that any maintenance tasks are promptly addressed. With the ability to oversee and control these
matters, you can maintain a comfortable and well-kept living environment tailored to your needs.
Furthermore, investing in a high-quality new build property where you are the first owner, offers the
advantage of minimal maintenance, ensuring that your home remains in pristine condition for years
to come. At Higgins Homes, our meticulously crafted residences are brand new and designed to
withstand the test of time, providing residents with long-term peace of mind and a hassle-free living
experience.

Investing in a home goes beyond financial gains; it's a commitment to building a foundation for a
secure and fulfilling future. Higgins Homes' thoughtful initiatives and high-quality residences
exemplify our dedication to providing individuals and families with a pathway to homeownership
that empowers them to invest in their future, step away from the financial drain of renting and
embrace a life of comfort, security and well-being.