Top 6 Reasons To Own A Home

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If you do not own a home, read these reason why owning a home has its advantages:

Predictable Payment
With housing, you either pay rent or a mortgage. Rents tend to always rise. With a fixed- rate mortgage, you know what your payments will be throughout the time period you have a loan.

Taxes
Tax break benefits include deducting mortgage interest paid on the home, property taxes as well as some of the costs involved in purchasing the home. (Sometimes energy-efficient upgrades can be deducted, too.)

Long-Term Appreciation
Real estate does have its cycles – sometimes up and sometimes down. Purchasing a home is a long-term investment and over the years of owning a home, it should appreciate in value.

Building Equity
When you rent, you help the landlord pay his or her mortgage off with your money. By owning a home, you build your own equity when you make payments. This equity can then be used to secure other future loans or to finance home improvements.

Freedom
When you own a home, you can paint the walls, remodel, have pets – without getting permission from a landlord.

Stability
By living in your home long term, you establish roots in the community, which leads to enjoyment of your area and the people who also have chosen to live there.

 

One thought on “Top 6 Reasons To Own A Home

  1. Susan, Your posts are great! Curious if there is an easy way to post these to my S/C facebook fan page? Pam

    Sent from my iPad

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