Why Buying a Home is a Smart Investment for Millennials

By Jeff Cheney | On

If you follow our blog on a regular basis, you’ve probably noticed a recurring theme – big things are happening here in North Texas. From all the fantastic neighborhoods popping up in Frisco – such as  Newman Village, Canals at Grand Park, Wade Park, and Phillips Creek Ranch, to name a few – it is no wonder why more and more people are deciding to call this area home. We’ve talked a lot about what an impact the Dallas Cowboys’ new headquarters will have on Frisco and the surrounding communities, as well as what Texas’ strong job market means for real estate in the area, but what does all this mean for those considering buying a home? It is no secret that the nationwide housing market has had its ups and downs over the years, but the fact remains that buying a home is a smart investment, especially for Millennials.

As a leading Frisco real estate company, we believe in working closely with each and every one of our clients to ensure they understand the ins and outs of buying and selling a home. All of our real estate management services are designed to give you – the client – the information they need to make an informed decision.

Why Should Millennials Buy a Home in Frisco?

There has been a lot of talk about Millennials and their reluctance to buy a home, whether due to student debt or the tough job market in many other parts of the country. However, experts still say that buying a home is one of the smartest investment Millennials can make. When it comes to buying a home in Frisco, there are many reasons why this is a smart decision. Frisco is consistently named as one of the best places to live – not only in Texas, but in the nation – and the booming economy only means one thing: more opportunities for growth and advancement. Millennials today have a different set of priorities than generations of the past, from being foodies to living a less traditional lifestyle, the times they are a changin’. From new developments like Frisco Station to the city’s eclectic medley of attractions, Millennials will feel at home here in Frisco.

Top Benefits of Homeownership for Millennials

Due in large part to North Texas’ booming job market and the fact that we are continuing to see new construction pop up every single day, buying a home in Frisco, Plano, Little Elm, and every in-between will come with many benefits. Many of the area’s top builders – such as Darling Homes, Landon Homes, and Belclaire Homes – are introducing new homes that boast modern and luxurious architectural styles, allowing you to choose the option that best fits your needs and style.

Now, let’s look a t some of the top benefits of homeownership that Millennials should be aware of:

  • Tax breaks – One of the main advantages to owning a home is the tax breaks you will receive. The mortgage interest is deductible from your income tax, will help lessen the amount you owe come April.
  • Great ROI – Buying a home is one of the smart things you can do when it comes to a high return on investment (ROI) and overall resale value. As the job market in North Texas continues to thrive, cities such as Frisco, Plano, McKinney, and The Colony will keep attracting professionals who want to be here for many years to come.
  • You will be spending your money more wisely – When you rent, all that money you are spending to simply live is not going towards anything besides your landlord. Buying a home is an investment in the future, which is something you will be reminded of month after month.
  • Your home will be yours – This is perhaps the most important, as buying a home comes with many great emotional benefits. When you take the plunge and buy a home of your very own, you will be left with a sense of pride and excitement for the future.

If you are considering buying a home in Frisco or one of the other cities in the area, please do not hesitate to contact The Cheney Group today. Our knowledgeable team of Realtors are here to answer all your questions and help you find the perfect home for you and your family.