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As the housing market continues to grow throughout the nation, more people are considering the increasingly attractive prospect of buying a house near their current residence. This is especially true for those looking for homes for sale under $100,000.

Not only can someone find a house in this price range, but they can also expect to have some great benefits that come along with it. In addition to being able to live in the comfort of their own home, these potential homeowners can take advantage of a variety of value-adds such as:

1. Low Moving Costs: Most homes under $100,000 are pre-owned, so the cost of moving can be significantly lower than if you bought a new home. This can save a bundle in packing costs, transportation fees, and other fees associated with a move.

2. Customization: Buying a pre-owned home usually comes with the bonus of having a home that’s already been personalized to match the buyer’s tastes. This can cut down on costly renovations and dramatically alter the look and feel of a home.

3. Maintenance Savings: Pre-owned homes usually require less maintenance and attention than new homes, which means fewer costs in the long run. This can have a huge impact on a homeowner’s annual budget, allowing them to save money year over year.

4. Financial Support: In some cases, a lender may be willing to finance a pre-owned home for a lower investment than a new home. This could potentially save someone thousands of dollars in monthly payments, allowing them to get the property they want at a more manageable rate.

5. Smart Investment: When a homeowner is able to buy a house under $100,000, they often have the opportunity to add much needed updates and renovations that can add real value to the property. Moreover, when a pre-owned home appreciates in value, the owner can expect to recoup all their additional costs.

For those able to buy a house under $100,000, there are an amazing number of advantages, both financial and personal. Not only can they get a home they can call their own, but they can also save money on the purchase itself, cutting expenses on everything from moving and maintenance costs to their monthly mortgage payments.

Ultimately, this type of savvy investment could be a person’s ticket to building a comfortable home in their current neighborhood. For anyone interested in finding their own piece of the American dream, buying a home near them for under $100,000 is an excellent way to make it happen.