Everyone is Buying Houses for Sale Tacoma. Learn Why You Should Buy a Home in Tacoma Wa
It Can Be Tough to Buy Houses for Sale in Tacoma: So Why Buy One?
When we think of owning a home, what visions come to mind? Bidding wars and home inspections? Fixing a leaking toilet or roof? Mowing the grass? Replacing a water heater? “It’s always something,” my grandpa used to say. The same house that caused my grandpa to curse under his breath simultaneously led to the greatest benefit of home ownership in the U.S.: generational wealth.
Benefit #1 - Generational wealth.
Perhaps the most important benefit of owning a home in the U.S. is the ability to pass along the wealth created by real estate ownership for several years. Because of appreciation and loan paydown, real estate value increases exponentially over time. By passing a home along to the next generation, families have the opportunity to set their children and grandchildren up with financial security.
Benefit #2 - You are the Landlord.
There are a few great reasons to not have a landlord. Depending on your pet dandruff allergies, you can own as many dogs, cats, and chickens as you like without having to search “pet friendly” on zillow or later get approval from your landlord. Possibly most important, the money you pay each month goes toward paying down your loan (if you have one) and not into someone else’s pocket. Additionally, you have control over your own home! If you want to paint an accent wall in the office, the only thing stopping you is choosing a paint color. Want to knock down the kitchen wall? Run to home depot and buy or rent a sledgehammer.
Benefit #3 - Building and Using equity.
After you’ve taken down some walls, you move on to the next big project: a pool. Instead of using savings or a high interest loan, you realize the value of your home has increased quite a bit since originally buying the home. Look into options for “pulling out” that equity and using it for the pool project.
Why Own Tacoma Wa Real Estate Specifically?
Known as the “City of Destiny,” Tacoma is like the more laid back, cooler sister to Seattle. Here are some excellent reasons to own a home in Tacoma.
Reason #1 - Jobs are Plentiful.
When choosing whether to buy or rent a home, it’s important to know whether you can afford the mortgage long-term. For most people, they need a job to have money. So whether you plan to stay long-term in Tacoma or potentially rent your home later, it's crucial to have a strong workforce which means abundant employers nearby. Tacoma offers strong employment opportunities through several sectors like education, government, and shipping. Check our guide to Tacoma jobs for more info on the job opportunities in grit city.
Reason #2: Green Space!
Being approximately 59 miles from Mount Rainier, Tacoma provides easy access to breathtaking hikes, views, and outdoor excursions. The Tacoma Nature Center offers stunning wetlands and forests for more outdoor options. With more employers allowing remote and hybrid jobs, Tacoma’s nature access is a great alternative to urban living. Whether you plan to live in your home long-term or want to know it’s a stable rental in the future, Tacoma’s natural surrounding beauty continues to draw people from all over the world to visit and live.
Reason #3: Colleges and Universities.
Tacoma’s hipness is also inspired by the lure of higher education. You can see students and professors roaming the local coffee shops and eateries due to the excellent higher education institutions nearby, such as:
University of Washington Tacoma
University of Puget Sound
Tacoma Community College
Pacific Lutheran University
Students, professors, family members, and international visitors mean more rental demand and potential home buyers which keep Tacoma’s economy and housing market afloat. It also adds to the diversity and appeal of a waterfront big town/small city in the picturesque Pacific Northwest.