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.

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.

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

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.


1 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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