Benefits of Owning a Home Over Renting

ownerAt Hamlet Homes, we’re thrilled to be homebuilders you can count on when searching for a new house. We have years of experience building neighborhoods and providing beautiful homes that will make you and your family proud and happy. If you are thinking about buying rather than keep renting, this is for you. Here are some of the major benefits of owning your home.

Remodeling Benefits

When you rent a home or apartment, your options for improving the living space are very limited. When you own a home, remodeling is completely up to you – and it can benefit you both personally and financially. Not only do renovations make your home more enjoyable for you and the entire family, they can also provide value. Additions like landscaping, central air, updated appliances, and/or insulation can lead to a major hike in your resale price and may allow you to make some very basic tax deductions as well.

Own Equity

Buying a home is a personal investment. As you pay off a basic mortgage loan, you are building equity in your home-owning more and more of it as you move along. After years of building up, you can use the money to take out a home equity loan or line of credit for help.

Locked-In Costs

With a rental situation, it’s common for the landlord to increase rent year over year – even if you are living in the same unit. The price increase has actually outpaced inflation due to high demands since the housing bust. Owning your own home, acts as a hedge against this. Especially if you have a fixed-rate mortgage, your monthly costs will be the same no matter what’s happening in the market.

Tax Breaks

Owning a home also comes with major tax breaks. You can get mortgage interest tax breaks, and there are several others depending on your exact situation. Sites like TurboTax make these kinds of deductions easy to figure out. For more on why owning a home will benefit you or to learn about any of our new home construction, speak to the pros at Hamlet Homes today!

Five Signs That You’re Ready to Build Your New Home

buildersAs your premier homebuilders in Salt Lake City, Hamlet Homes knows it can feel intimidating to construct your dream home. You may have always wanted to build but pushed the goal aside thinking it was too lofty. Perhaps you simply can’t make a decision on whether to buy or to build. Don’t worry, we’re here to help! Here are a few signs that you’re ready to work with a homebuilder and construct your home.

You have your budget nailed down

We can help you determine the right budget for your family, but it’s good to have an idea of what you can afford. Once you run the numbers, you will most likely see that buying a home is actually less expensive than renting. You may also find that building a new home is similarly priced to purchasing a pre-owned one. Best of all, Hamlet Homes has a variety of financing options to work with!

You know what you want, and it fits in your budget

We want you to get everything you want, but it’s also smart to set realistic expectations for your budget. Consult your homebuilders, and we will help you decide the finishes, location, and home style you can afford.

You will like it new

It’s a great sign that you are ready to work with homebuilders when you realize that you’re ready for something new. If you considered remodeling an older home, remember that it has old hardware. That means you’ll have unexpected surprises when something wears down and breaks. Most of these items would be covered under your new home warranty (be sure to ask us about our Hamlet Homes Warranty Program)! When you work with a homebuilder, you enjoy the world of customization! You get to select the finishing touches, creating an aesthetic that perfectly matches your taste.

You have your eye on the perfect homebuilders

When looking for your homebuilders, you should select the one that inspires you. Remember, consistency is key, so watch for reliable, quality work before committing. Fortunately for our residents, we always produce lasting, beautiful houses that we can show as examples. Once you choose your perfect partner, you know that you’re ready to build! After reading our list, are you ready to take the plunge? Call our expert homebuilders today or check out our already available properties!  


This is a sample alert message.

Email a Representative