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Buying vs. Renting

Home / Why Choose Jagoe / Buying vs. Renting

Owning is Less Expensive than Renting (PERIOD).

Today, most adults in their 20s and 30s are waiting longer to buy their first home. Many want to feel more established before investing in a home.
In the meantime, you’re probably renting. Now, you can own your custom built Jagoe Home, build equity, and save money.

Benefits
of Home Ownership:

You can build your dream home. 

As a renter, you’re living in someone else’s home and subject to their rules. When you build your new Jagoe Home, you have total control over everything that goes into it and can customize your home exactly the way you want! From floorplan, to counter tops, to the garage, all aspects are uniquely built to your needs.  A new Jagoe Home is the way to make your dreams a reality.

X
1

Owning A Home Is Cheaper Than Renting

Cheaper Than Renting

Owning A Home Is Cheaper Than Renting

Owning a new home is MORE AFFORDABLE than renting. Although investing in a new Jagoe Home at first is more expensive than renting, it can be cheaper over time. Zillow uses a Rent vs. Buy calculator to determine the break even horizon in which buying becomes more efficient than renting. Depending on the situation, if you plan to stay in your home past this break even horizon, buying can save you money. With low fixed-rate mortgages available and rising rent costs, buying vs. renting a house can be the best fit for you.

  • Why Build a New Home?
  • Built Energy Smart
2

You Save
and Build Equity

Build Equity

You Save
and Build Equity

You SAVE and build equity! One of the best benefits of home ownership is building equity, which is your share in the value of your home. In more technical terms, it’s the difference between the market value of your home and the amount you still owe. When you buy a new Jagoe Home, the amount of your equity steadily grows! Instead of your money disappearing in rent each month, you’ll invest in your own home that will be more valuable over time.

 

  • Why Build a New Home?
3

Mortgage Costs Stay the Same As Rents Rise

Fixed Cost

Mortgage Costs Stay the Same As Rents Rise

Your mortgage payment stays the SAME as the cost of rent rises. With a fixed-rate mortgage, your monthly payment does not change. Unless you are a renter in a rent-controlled building or neighborhood, your monthly rent payment can go up frequently. Since your monthly mortgage payment is stable, you can plan your overall budget with confidence. And, keep in mind the property taxes on your home are tax deductible. For more information about the advantages, options, and competitive rates,  talk with our experts at FBC Mortgage.

 

  • Mortgage Center
4

A Home Can Appreciate In Value Over Time

Appreciative Value

A Home Can Appreciate In Value Over Time

Your home can grow in value over time. Quite simply, the land your new Jagoe Home is built on appreciates because it’s in limited supply. After all, no one is producing any more earth! And, as the population increases, so does the demand for quality homes and land, driving the price up over time. Do your research, invest in a Jagoe Home and the value should increase each year you own it. For more information, visit our Home Loan Learning Center.

 

  • Home Loan Learning Center
5

Stronger Social Ties To Your Community

Community

Stronger Social Ties To Your Community

Home ownership is more stable and gives you stronger social ties to your community. Buying a home is a big step, both personally and professionally. Researchers have found homeowners gain a sense of stability when they settle into their first home, and they also contribute to stability of their community. A study compiled by researchers with the National Association of Realtors shows homeowners move less frequently than renters and stay in their homes for longer periods of time.

 

  • Our Communities
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BUYING
A NEW HOME
RENTING A HOME
OR APPARTMENT
Your monthly mortgage payments build equity.You monthly rental payments do not build equity.
With a fixed-rate mortgage, your monthly payments remain the same for the life of your loanYour monthly rental payments will typically go up over time.
Your mortgage interest, property taxes, and mortgage points may be tax deductible.Your monthly rent is an expense.
When your home increases in value, you can realize a profit when you sell.The property you rent does not increase in value for you.
Your home can be passed on to your children or other family members.You have no ownership in property you rent.
The equity in your home can be borrowed against to finance education costs, home-improvement projects, and other qualifying other needs.You have no equity in property you rent.

Don & Kim Horvath

Don and I would both like you to know how much we appreciate the two gentlemen who do warranty service, not only do we feel they are knowledgeable, but courteous. They take the time necessary to make sure to explain processes. They both displayed extreme professionalism, that is a sure asset to Jagoe Homes, they put the fact in “It is the service after the sale that counts.”

Newburgh, IN
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Steven & Cheryl Camp

My husband and I wanted to write and let you know how much we appreciated Terry and Jamie. They both were so caring and thoughtful towards us. Most of all they were hard workers and wanted our Jagoe Home to be everything we could ever dream of. They became family to us, because we felt they truly cared about our concerns. We feel family built our home! I just referred another couple to Dana and if they buy it will be #6, I helped sell. Thanks for having such great people working for you! We love our Jagoe Home but… Read more “Steven & Cheryl Camp”

Evansville, IN
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Vicki Willis

I love my new home. It is very comfortable and energy efficient. It was great for me that Jagoe Homes furnishes the lot with the home since lots are very difficult to find close to town. I feel safe in the neighborhood and have nice neighbors.

Newburgh, IN
MORE TESTIMONIALS

Ron & Romona Smith

All of the people from your organization have been professional and informative during the whole building process. Thanks again for a lovely new home and we have already recommended Jagoe Homes to friends at church.

Newburgh, IN
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Linda Whae & Patricia Sanders

The selling team that you have at Stonecreek in our opinion is second to none. Their professional qualities complement each other and create a win-win solution. Patty and I both will highly recommend Jagoe Homes to anyone who is searching for a home. In return, we hope that you will also commend your Sales Team for a job well done, for it was their demeanor that sold us on Jagoe Homes.

Evansville, IN
MORE TESTIMONIALS

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