The 4 Benefits of Owning a Home:
- FINANCIAL STABILITY – There are some upfront expenses to owning a home, such as closing costs, the down payment, and even budgeting for maintenance on the home over time… but, if you have a fixed rate loan, your monthly payment is going to remain consistent month after month and year after year. Did you know if you’re a renter, rental rates increase 4% on average a year.
- APPRECIATION INVESTMENT – You are investing in an appreciating asset. Anybody you know that sold a home in the last couple of years probably experienced this. They came out really well on the sale of their home, because it appreciated over time. Home values increased 3.9% annually on average across the United States.
- TAX ADVANTAGES – Check with your tax accountant first, but there are some things you can do as a homeowner that provide you with a tax advantage, such as: writing off the interest from your mortgage, possibly the taxes on the house, and then there are also energy savings improvements you can do to your home that you might get some tax credits for as well.
- PERSONALIZE – You can make it your own! If you’re a renter, you definitely don’t get to do that. You can do additions to the home, you can renovate, you can paint, you can do whatever you want to make it your own.
If you’re thinking about buying a home, or you need to sell in order to buy a new home, give me a call! My team and I are on standby, ready to help you take the smoother road to sold!
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