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.
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Local Expert Updates
Janie Eick
Cell: 712.339.0574
Brooke Jones
Cell: 641.420.2172
Matt Lippon
Cell: 712.330.0604
Aaron Jones
Cell: 712.320.9442
Liz Sandy
Cell: 712.330.1386Community Updates
Immanuel Lutheran Church
Immanuel Lutheran Church
2300 27th St
Spirit Lake, IA 51360
Services
Saturday at 6 p.m.
Sunday at 9 a.m.
Triggs Bay Resort
I had the opportunity and privilege to work at Triggs for 4 years in my high school and college years. Jim Triggs and Mike May run one of the best family resorts in the Lakes Area. The resort has 48 condo style units that are continually updated and maintained immaculately. It truly is a family resort as most units are rented each week every year by the same families. People really begin to know each other and I had a great time getting to know all of the families better each year. We always looked forward to seeing them each year and catching up. Triggs offers boat/watercraft rentals, 4 gas docks, boat hoists for rent, an outdoor pool, a daily groomed beach, game room, and many more great amenities. If you are planning a vacation to Okoboji, I highly encourage you to call early and see if you can get a reservation at Triggs Bay Resort. You will not be disappointed.
Carpet One
The beautiful Carpet One showroom in Spirit Lake features a huge selection of all the latest flooring, window coverings and more. They have certified flooring pros can get your project rolling with a free, no-obligation pre-measure - just call (712) 336-5559 today or visit their website at www.carpetoneiowa.com