As a parent, you want what is best for your children and your family. You work hard to give your kids everything they need, even if it means sacrificing your own time, comfort and social life. You should be able to earn a place in Milwaukee to call your own. But why own? and why own in Milwaukee?
1. Lower housing costs.
In the city of Milwaukee, mortgage payments are likely to be lower than the cost of rent. People who own instead of rent in Milwaukee may save $100 each month or more. In addition, some homebuyers may qualify for grants that lower the cost of homeownership even further. Milwaukee is among the more affordable places in the country to buy a home.
2. A chance to build equity.
When you rent, you are not building value in an asset for your future. Instead, you are forfeiting your hard earned rent payment to the landlord each month. When you own a home, on the other hand, each mortgage payment increases the amount of equity in your home. Equity is the difference between the fair market value (the price your home could get if you sold today) and what you owe on the home (mortgage). Buying a home is a lot like putting a chunk of your money into a saving account every month.
3. Privacy and space.
In many cases, owning your own home provides you with more privacy and space than renting. Your kids will have more room to run and play, you will be able to host gatherings more easily and you won't have to worry as much about bothering neighbors. Owning also gives you the oporunity to have pets, like a monkey.
4. Control over your environment.
When you rent an apartment or house, you have little to no control over the landscaping, decor or maintenance of the space. As a homeowner, however, you can decide how your home will look. You can change the paint colors, hang pictures, plant shrubs or gardens and replace important equipment as you see fit.
5. Sense of community.
As a homeowner, you become an important part of the community around you. Owning a home allows you to put down roots for yourself and your children. You will build relationships with the people in your neighborhood, make memories and provide your children with a solid support system throughout their childhood.
Although it may seem like owning a home in Milwaukee is out of reach at first, you can make it happen with the right resources and a little planning.
Strong Blocks offers a rent-to-own path for households that can afford the home but are not ready for a mortgage. The program gives you time to work toward approval while you rent the home you may buy. We connect you with independent housing counselors and lender partners. We inspect and prepare each Strong Blocks home before move-in. See what we look at before you apply.
For more information our Rent-to-own program, contact our team with your questions.
Want to know if this program could work for you?