Why Do People Actually Buy a Home?

by The KCM Crew

It seems that every time we talk about real estate today the conversation immediately goes to the financial aspects of buying a home. Where are prices headed? Where are interest rates headed? Should I wait to try and get a ‘better buy’? Should I wait until I can get a ‘steal’?

The odd thing about all these questions is that survey after survey keeps telling us that price is not the reason families actually buy a home. When money is considered at all, it is in light of not paying rent to a landlord. Let’s look at two recent surveys as examples:

National Housing Survey
The top five reasons given in the survey for buying a home, in order, are:


-It means having a good place to raise children and provide them with a good education
-You have a physical structure where you and your family feel safe
-It allows you to have more space for your family
-It gives you control of what you do with your living space (renovations and updates)
-Paying rent is not a good investment

The Myers Research and Strategic Services Survey
The top five reasons given in the survey for buying a home, in order, are:

-Home ownership provides a stable and safe environment for children and other family members
-Home ownership means the money you spend on housing goes towards building equity, rather than to a landlord
-Home ownership creates the opportunity to pay off a mortgage and own your home by the time you retire
-Home ownership creates the opportunity to live in a neighborhood that you enjoy
-Home ownership allows you the right to decorate, modify and renovate your home as you see fit

Bottom Line
Price dominates conversation when we talk about buying a home. However, when it comes down to it, we actually buy for the same reasons our parents and grandparents did – we want a better lifestyle for ourselves and our families.

If you are considering Relocating to Colorado Springs, Purchasing a Home for Sale in Colorado Springs, considering Selling a Home in Colorado Springs, or want more information on the Colorado Springs Real Estate Market, Contact your Colorado Springs Real Estate Expert, Mike MacGuire Today!

Comments

Post a Comment

Popular posts from this blog

The MacGuire Team & US Military

Image
Memorial Day is one day out of the year where we remember the men and women who have died for our country in the military. The MacGuire Team wants you to know that we also remember our military who are currently serving and their family. Because of this, we have provided the #1 Military Relocation Service in Colorado Springs . Moving can be stressful enough without having to add in other stressors like fast turn around times and another spouse who is left to handle everything. Here are just a few ways The MacGuire Team can make it easier with our  military relocation service . Colorado Springs Military Relocation Service Military families have special needs when they move. Distances are vast and time is of the essence. The MacGuire team understands that the 10-day window before reporting for duty at the new assignment is crucial to your relocation. Often, one spouse has the responsibility to choose a new home for the entire family. Or when selling, the remaining spouse mu...
Read more

Mike McGuire's Real Estate Selling Strategy

Image
When selling your home, there are several ways you can accomplish it - but there are some ways that are better than others. When you hire the best real estate agent in Colorado Springs we use our 25 years of experience to not just sell your home, but to sell your home at the highest price possible in the shortest amount of time. Selling your home can be an overwhelming process, but our team is ready to assist you with ALL of the details. We have a very specific selling strategy that can give us the ability to make the most of your unique selling situation and sell your home as fast as possible. Here is how we accomplish this: Condition There are a few factors that go into selling your home: condition and price. The real estate market controls the price, but you can control the condition. Our team of agents can help you prepare your property for the market with advice that is time-tested. Our comprehensive listing enhancement services provide you with professional home stagi...
Read more

5 Ways to Stay Warm This Winter

Image
Every winter, people predict that *this* will be the coldest winter yet. Of course, we can’t predict what Mother Nature will throw at us, but we CAN predict how we’ll react to it. Your home will inevitably get cold this winter, but with a few quick tips, you can make the most of your heat and help your home stay toasty. The MacGuire Team hopes that your new Colorado Springs home is ready for winter and to keep the warm air in, and we have a few tips to help! Let In the Light Make use of that huge ball of fire in the sky and let it heat your home during the day. When the sun comes up, throw open the curtains and make use of that awesome natural heater. Of course, if your windows don’t get much light on some sides of your house, you can keep those curtains closed to keep in the warmth. On the flip side, when it’s night time, you’ll want to close your curtains to help keep in the warm air and block from the cold. You can even put up temporary blankets over doors and windows that don’t...
Read more