sellboji

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

Matt Lippon Broker Associate (Real Estate Agent)

Matt Lippon

Broker Associate

712.330.0604

712.336.4967

Greg Sheeler Real Estate Professional (Real Estate Agent)

Greg Sheeler

Real Estate Professional

712.330.1573

712.336.4967

Janie Eick Real Estate Professional (Real Estate Agent)

Janie Eick

Real Estate Professional

712.339.0574

712.336.4967

Aaron Jones RE/MAX Hall of Fame & Lifetime Achievement (Real Estate Agent)

Aaron Jones

RE/MAX Hall of Fame & Lifetime Achievement

712.320.9442

712.336.4967

Community Updates

Kymm Jones Real Estate Professional (Real Estate Agent)

Kymm Jones

Real Estate Professional

 712.320.6737

 kymm@sellboji.com

Midwest Modern Furniture

Spirit Lake

Talk about a fun place to shop--this is one of the best! The owners and staff (including Britt, the furniture dog) are so personable and welcoming that you'll find yourself hanging out in their store

More Info
Charlie Leissler Residential Sales (Real Estate Agent)

Charlie Leissler

Residential Sales

 712.229.9809

 charlie@sellboji.com

Family, Fishing, Fun

Lake Minnewashta

If you are looking for a place to catch a bunch of fish in a short period of time, the dock in Minnewashta right off of Sawmill Park in Arnolds Park is the place. Fish with a worm or throw a crank

More Info
Matt Lippon Broker Associate (Real Estate Agent)

Matt Lippon

Broker Associate

 712.330.0604

 matt@okobojipropertygroup.com

Bomgaars Building Center

Spirit Lake

Bomgaars 2201 Hwy 71 Spirit Lake, IA 51360 Bomgaars offers a great selection and a convenient location in Spirit Lake. Open at 7 am Monday through Saturday and 10 am on Sunday. Bomgaars is

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