A Home is More Than a Castle
In their book, “He Said It! I Did It!” Charles W. Buffington Jr. and his son, Charles W. Buffington III, take readers on a journey to financial freedom that results in a life of abundance that honors God.
In Lesson 9 of this 10-part series, the Buffingtons provide invaluable insight into home ownership. Homes are the largest investment most people make. Since homes generally increase in value as you pay down the interest, they act as a personal mutual fund that keeps growing while providing great tax benefits. The following text provides the CliffsNotes version of a home purchase as well as identifying the rewards of homeownership.
Steps to Homeownership
Step One: Know what you want.
Step Two: Find a good realtor.
Step Three: Make an offer.
Step Four: Get the property inspected.
Step Five: Get a loan.
Step Six: Prepare for closing.
Step Seven: Close the deal.
Rewards of Homeownership
1. Home ownership can set the foundation for your financial future.
2. A home has intangible value like memories and stability for your family.
3. Home ownership is not as difficult as you might think.
4. Home ownership can make you much better off than renting.
5. Take the first step of homeownership. Talk to a reputable real estate agent, and find out if you are a candidate to buy a home today
6. Small victories add up to major wins. The small step of buying your first home can stoke the flames for a vision of owning several properties.
7. Home ownership is the American way. It can help protect your family in hard times and lift them up in good times. Take the lead and move your family toward homeownership.
Study these Scriptures regarding homeownership.
Psalm 84:3-4: Even the sparrow has found a home, and the swallow a nest for herself, where she may have young–a place near your altar, O Lord Almighty, my King and my God. Blessed are those who dwell in your house; they are ever praising you.
Numbers 27:6-11: And the LORD said to him, “What Zelophehad’s daughters are saying is right. You must certainly give them property as an inheritance among their father’s relatives and turn their father’s inheritance over to them. Say to the Israelites, ‘If a man dies and leaves no son, turn his inheritance over to his daughter. If he has no daughter, give his inheritance to his brothers. If he has no brothers, give his inheritance to his father’s brothers. If his father had no brothers, give his inheritance to the nearest relative in his clan, that he may possess it. This is to be a legal requirement for the Israelites, as the LORD commanded Moses.’”