Top 4 Reasons to Buy Instead of Rent in Cary, NC
When it comes to moving to the Triangle, new residents typically have two options for finding a home: rent or buy. And when it comes to moving to Cary specifically, generally buying a home is a smart move that will pay off in a myriad of different ways in the short term, as well as the long term.
So if you are planning to relocate to the Cary area, and are deciding whether to rent or purchase a home, consider these reasons why buying a Cary property is a preferable option when it comes to living and working in the heart of North Carolina.
It’s a smart investment
The Cary real estate market may have its up and downs, but over the long term, property prices have steadily risen with every passing year. 2018 is an especially good time to buy, too, as interest rates continue to remain at historic lows, while prices have remained relatively steady with small increases across the board. As such, your Cary home will likely increase in value with time, allowing you to make an investment that will also provide a wonderful place to live for years to come.
There are plenty of options
New residents will find that there is a lot to choose from in Cary when it comes to purchasing a place to call home. While the rental market is fairly competitive with fewer options, there are a broad spectrum of properties for sale in and around the Cary area that can range from modest sized condominiums to sprawling estates. As such, you’ll have a better opportunity to find just the right fit for your family, and can have a home that perfectly suits your tastes and style.
You’ll enjoy extra tax breaks
Homeowners enjoy a wide array of tax breaks when April rolls around, which includes deductions for mortgage insurance, closing costs, and other fees or taxes that naturally accompany buying a property. As a result, you’ll have noticeably more income at the end of every year, (and hopefully a refund check), simply because you have bought a residence instead of rented.
You’ll be home!
Cary has lots of nice properties to rent, for sure, but when you purchase a house, you’ll truly feel home. Cary is brimming with beautiful neighborhoods, top notch amenities, and lots of ways to explore and enjoy the Triangle area, and it’s easy for new residents to join in and feel like part of the community.
So make a move that will pay off in the years to come, and which will give you plenty of joy and fulfillment in the short term too. With lots of properties on the local multiple listing service (MLS) to explore, and plenty of financial perks both now and in the future, buying a home in Cary, NC is a smart move with potentially big benefits.