I know that buying a home around the holidays can be a bit challenging with everything that is going on, however there are many great reasons to buy a house before the end of the year. Even though there is quite a few number of reasons, we’ll focus on four of them now:
Taxes
The interest rates that you pay on your home are tax deductible, how about starting the New Year with a nice tax deduction? This could be a significant one, especially since the way that most mortgages are setup is that you pay more interest upfront.
Builders Are Slow
Construction and remodeling companies have a slow season too, and this is typically it. What this means for you is that you’ll get incentives and maybe some free upgrades and goodies just so they can get your business. You’ll probably need this especially if you’re buying a house that you haven’t built yourself.
Moving Companies Are Readily Available
Have you ever moved in the Spring or in the Summer? It’s somewhat a pain in the butt, mainly because scheduling someone to help you move during this time is especially difficult. This is a completely different story during the Winter months, moving companies won’t have as many jobs during Christmas and like many construction companies, they’ll too be running specials and discounted rates. It’s all about saving money!
New Year, New Rent
Once you secure a mortgage rate, that’s it, you know exactly how much you’ll be paying every month making it easy to budget. This is not always true when you rent a place, a landlord can increase your rent and sometimes this could happen at the beginning of the year. This can be a huge inconvenience especially if you don’t have a place to move right away and don't want to pay the inflated rates.
If you’ve been sitting on buying a home, you may not want to do it too much longer especially if you want to take advantage of all the things mentioned above!
