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

Janie Eick

Cell: 712.339.0574

Brooke Jones

Cell: 641.420.2172

Aaron Jones

Cell: 712.320.9442

Liz Sandy

Cell: 712.330.1386

Community Updates

Kurio Kastle

Spirit Lake

This place is one of the most fun businesses in the lakes area for kids, or adults who are creative, and likes to paint! Kurio Kastle is a pottery painting "palace," for anyone and everyone! You pick from an extensive array of pottery to paint, from cute animals, to mugs, and dishware. You can then stencil or draw on them, then paint it! Your masterpiece is then glazed, and put in the kiln to fire. After that, you pick it up, and take it home to enjoy! Its even a perfect place for birthday parties.

Kurio Kastle in Spirit Lake

El Parian Mexican Grill

Spirit Lake

Stop in El Parian for some of the best Mexican cuisine and margaritas. On Wednesdays lime margaritas are only $.99! El Parian offers a wide variety of authentic Mexican food for lunch and dinner. You will not leave hungry by any means!

El Parian Mexican Grill in Spirit Lake

Okoboji Mattress Co.

Spirit Lake

Okoboji Mattress Co. is a Sleep Specialty Store located .7 miles west of the junction of 9 and 71 in Spirit Lake, IA. We are a locally owned Sleep Boutique featuring Serta and Simmons Mattresses and bases. Stop by try Malouf Z Pillows before you buy! A great selection of Serta, and Simmons Beautyrest Mattresses, Adjustable Bases, Malouf Sheets, Mattress Protectors, and Comforters, Malouf Z pillows, and more! New Sleep Lift Recliners from Mega Motion and Ultimate Power Recliner!

Okoboji Mattress Co. in Spirit Lake

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