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

Matt Lippon

Phone: 712.336.4967
Cell: 712.330.0604

Greg Sheeler - Real Estate Professional

Greg Sheeler

Phone: 712.336.4967
Cell: 712.330.1573

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

Aaron Jones

Phone: 712.336.4967
Cell: 712.320.9442

Brooke Stecker - Team Evans and Stecker

Brooke Stecker

Phone: 712.336.4967
Cell: 641.420.2172

Community Updates

Minervas Restaurant & Bar

Minervas Restaurant & Bar in Okoboji

Minervas is located in the Arrowwood Resort in Okoboji. Their menu offers a little of everything! From classic pastas and aged steaks to seafood everyone will leave satisfied. They offer a great "Pick Two" option for lunch and the atmosphere is excellent. They also do a pasta night that seems to be a staple in the community. Getting to pick your sauce and everything that goes into your pasta which is then made right in front of you is certainly a treat for the whole family!

Real Estate and MLS Homes For Sale in Okoboji Find more about Okoboji

Ruthven Meat Locker

Ruthven Meat Locker in Spirit Lake

Ruthven Meat Locker located downtown Spirit Lake. They offer a wide variety of quality fresh and award-winning smokes retail meats along with seasoning rubs and cheeses. You cant go wrong with the "locker trash" it definitely makes the best boat snack!

Real Estate and MLS Homes For Sale in Spirit Lake Find more about Spirit Lake

Cafe Esteam

Cafe Esteam in Spirit Lake

This new coffee shop is located in the Allure & Co. downtown Spirit Lake. They offer amazing coffee, smoothies and homemade baked goods. This is a great addition to the community!

Real Estate and MLS Homes For Sale in Spirit Lake Find more about Spirit Lake

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