Why rent when you can buy?

Shanly Homes is helping homebuyers onto the ladder in Maidenhead

For many first-time buyers, getting a foot onto the property ladder can seem a daunting and costly feat, forcing many to look towards renting as a more affordable route to having their own space and moving out of the family home. However, lots of first-time buyers don't realise that buying their own home can actually work out to be a much more beneficial option in the long run, and there is lots of help out there to relieve some financial stress for those looking for their first home, such as the Government's Help to Buy scheme, helping make their home ownership dream much more achievable.

If you want to make the move from renting to owning your own home but are unsure whether it's the right decision, here's how you can make your home ownership dream a reality:

Added help with Help to Buy

There are lots of schemes in place to make buying a home more affordable for first-time buyers, including the Help to Buy scheme, now exclusively for first-time homeowners. In Maidenhead, local housebuilder Shanly Homes is doing all that it can to help buyers get onto the ladder at Elmwood Gate by offering extra support through the Help to Buy scheme, meaning first-time buyers can reserve a home of their own with a 5% deposit from as little as £14,000.  And to help even further at Elmwood Gate, purchasers are being offered a further £10,000 price reduction, which can be used in a variety of ways dependent on the needs of each individual.

Your own space

Landlords can restrict the changes you make to a property, meaning you may not be able to paint or decorate the space to your own individual style. With your own home, you have the freedom to do whatever you like to the property as it is your own, putting your own stamp on a property to suit your personality.  Also many landlords won't allow pets in the rental homes but by owning your own home you have the choice.

Be more cost effective

When renting, you are helping your landlord keep on top of their own mortgage payments, generally perceived as wasted money. When you buy your own home, you are putting your mortgage payments towards your very own property and investing this money into your future rather than your landlords! Although the deposit to buy a home is an initial large payment, monthly mortgage payments can often work out cheaper than monthly rent payments, making buying a home a much more cost-effective route for those looking to move into their own space.

Situated just a two-minute stroll from the relaxing sights and sounds of the River Thames the apartments at Elmwood Gate comprise a contemporary collection of one and two bedroom apartments with a high specification. Layouts consist of open-plan living areas and kitchens benefitting from a number of integrated appliances by Zanussi, including a washer/dryer, dishwasher and fridge/freezer. Master bedrooms benefit from fitted wardrobes, as well as a luxurious en-suite to the two bedroom apartments. 

Prices at Elmwood Gate start from £280,000 with Help to Buy available for first-time buyers. For more information, please visit: www.shanlyhomes.com or call 01628 301225.