Benefits Of Home Ownership

 

Plain and simple, owning a home can improve your quality of life, provide stability and give you a sense of control you just can't get from renting. You have a place to live when you rent, but buying is something much deeper – and better.

 

The intangibles are tough to measure, but there are other benefits you can quantify:

 

Financial investment:
Your monthly mortgage payment creates equity for you, not your landlord.

 

The interest on your mortgage is a tax deduction:
While this isn't a reason in itself to buy a home, it's nice to get a break at tax time.

 

Fixed monthly housing payment:
If you opt for a fixed-rate mortgage, the monthly rate of your mortgage won't change for the length of the term.

 

Tax-free gain:
When it's time to sell your home, you don’t pay taxes on the proceeds of the sale that are above what you paid (with some restrictions – see information on capital gains).

    


TIP: 

Look for a house you can stay in long-term; one that will “grow” with your family and needs. The financial benefits of owning increase over time.Look for an agent who understands your lifestyle. Make sure the agent knows the neighborhoods you're interested in, and can answer questions you'll have about the location.



 

Get In Touch

Local Expert Updates

Liz Sandy - Real Estate & Lakeshore Expert

Liz Sandy

Phone: 712.336.4967
Cell: 712.330.1386

Greg Sheeler - Real Estate Professional

Greg Sheeler

Phone: 712.336.4967
Cell: 712.330.1573

Matt Lippon - Broker Associate

Matt Lippon

Phone: 712.336.4967
Cell: 712.330.0604

Aaron Jones - RE/MAX Hall of Fame & Lifetime Achievement

Aaron Jones

Phone: 712.336.4967
Cell: 712.320.9442

Janie Eick - Real Estate Professional

Janie Eick

Phone: 712.336.4967
Cell: 712.339.0574

Community Updates

SPORTSMANS DRIVE 3

Build your new house on a nice and quiet Milford lot.

Real Estate and MLS Homes For Sale in Arnolds Park Find more about Arnolds Park

BIKE TRAILS DEMO

Demo Text Description here of this specific agent insight.

Real Estate and MLS Homes For Sale in Arnolds Park Find more about Arnolds Park

RE/MAX Lakes Realty

My local expertise, experience in other markets, combined with the power and influence of RE/MAX, enables me to help achieve all your objectives in your home purchase or sale. Call me, Lynn Thompson to discuss today's Real Estate opportunities.

Find more about

Subscribe To Our Newsletter