For many people, buying a home is the largest and most important purchase they will ever make. With so much to consider, it can be daunting to make such a decision, especially when houses within a short distance from your current home can be so expensive. However, there are a number of benefits associated with purchasing a home under $125K near your current home that should be taken into consideration.

First of all, homes under $125K near you are almost always much more affordable while still offering a comfortable living environment. This makes them ideal for people who are on a tight budget but still want the security and enjoyment that comes with owning a home. Low-priced homes can also be easier to maintain, with fewer rooms, fewer appliances, and a more modern construction style that doesn’t require an expensive contractor to repair or replace components. Plus, the lower price tag also means lower property taxes and home insurance costs.

Another benefit of living in a home that is close to where you already live is that it affords you an increased level of convenience. Chances are, your favorite stores, restaurants, and other attractions that you currently visit will also be nearby, reducing the amount of time you spend in traffic or taking public transportation. If you have children, a low-cost house close to their current school is a huge bonus, as extra commuting time and costs can eat away at your budget.

Finally, living in a low-cost nearby home can help you build up equity. Even if it’s a relatively modest investment, living in a house for a few years and making small improvements can help increase its value significantly. Should you decide that you’d like to move on, the equity you’ve built up in your home can be used to purchase your next home or invest in other areas.

The decision of where to live is a major one, and can be difficult to make. But there are a number of positive benefits of a home under $125K that is close to you. From increased convenience and affordability to more investment opportunities, it is certainly worth considering this option when looking for a place to live.