Time Is Money…

For over twenty years, I have stopped almost every day at Starbucks. I don’t want to calculate how much I have given to this company over the years, but it’s my one vice and I will continue to do it.

When I started visiting my favorite coffee shop, the cost of my “Quad Venti Non-fat Vanilla Latte” was $3.00. Today, while I order a different drink now, in a smaller cup, it’s $5.25. I think back to when I was a kid growing up in Sumner, I would swing by a local restaurant in the morning and get a to-go cup of coffee for less than a dollar.

Why am I sharing with you the price of coffee and what appears to be a severe caffeine addiction?

Prices on just about everything are going up, every day. In fact, I have never experienced a price decrease at my favorite coffee stand.

Just like Starbucks, the prices of homes are going up too, at times, several times a year. That’s why if you’re ready to make a decision, now is the time.

Last month a couple visited our sales center in Puyallup and mentioned to me that they had been in a year before and the home they wanted was $8,000 more than the last time they were in. I shared with them that the same home would be another $4,000 in the next twelve months. I said to them, “If you’re ready now, you should place your order.” They did and we helped them save thousands of dollars.

We would love to continue our conversations and see where we might be able to assist in your process and help you make the best decision possible for you. Feel free to call us at 253.840.6773 and let’s schedule a time to continue our discussions or have me answer any questions that you might have.

We are here and ready to serve you however we can, making sure your experience in purchasing a new home is a memorable one. 

Cory Howerton Housing Consultant

How to Get Rich Slowly – Rent or Own?

Everyone needs a place to live. The options are to rent or own.

When you rent, it is easy to relocate, and someone else is responsible for upkeep. However, it can be difficult to get out of a lease. There may be neighbors above, below and beside you. You may not be able to have pets. Parking can be limited. You can’t paint or decorate your way. The Landlord could sell the property, or move in and evict you. You are paying the mortgage for someone else. Rent increases every year. Your payments will go up, up, up. At the end of 1, 3, 5, 10 years, you have nothing but a stack of receipts, and the rent will be much higher than it is now.

At first, renting or owning have similar costs each month. While rents go up each year, a Fixed Rate Mortgage will have the same principle and interest payment for 30 years! While your income increases, your housing costs will be a smaller and smaller portion of your expenses.

Each monthly payment acts as a kind of forced savings. As you pay down principle, your equity (the amount of your home you actually own) grows.

Home Equity Grows Over Time

In addition, history shows that overall, homes become more valuable. According to the Federal Housing Finance Agency, home values have surpassed their pre-recession peaks by 16%. The overall trend is that home values and equity have gone up and will likely continue to do so. Think of what your parents paid for their home, and what it would be worth today!

It’s smart to build equity and financial stability while you enjoy your home. The equity in your home can eventually become liquid cash that you can access, either by selling your home, or borrowing against it. When you own a home, it is more than just a place to live; it’s also a financial asset. What is the leading wealth producer for average Americans? Home Ownership!

At DeTray’s Custom Housing, we design and build homes that are exactly suited to each family’s needs and desires. We can put together the whole package: land or community, development, and house. We have 8 furnished model homes to tour. You can have the joy and satisfaction of home ownership. Let DeTray’s staff show you how. Call, or come see us today.

Lora WhitemarshLora Whitemarsh

Housing Consultant