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

Greg Sheeler

Cell: 712.330.1573

Brooke Jones

Cell: 641.420.2172

Janie Eick

Cell: 712.339.0574

Community Updates

Pirate Jack's Bar

Pirate Jack's Bar in Arnolds Park

Best little gem on the lake. Located on West Lake you will be able to sit and enjoy a nice cold beverage, a wonderful staff, and one of the best views in town. They have a wonderful selection of drinks you can choose from. Make sure to try one of their margaritas, it is the best on the lake in my opinion! Whether you want to enjoy the fireworks on the 4th of July, or just any sunset in the summer, Pirate Jack's is the place to be.

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

The Ritz

The Ritz in Arnolds Park

Best pizza in town with an amazing view! Dock the boat and stop in the Ritz for a pizza and cold beverages. They offer live bands in the summer and during winter games! The Ritz offers a breakfast buffet and an amazing bloody mary bar on Sundays! Make sure to stop in when you are in town.

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

Immanuel Lutheran Church

Immanuel Lutheran Church in Spirit Lake

Immanuel Lutheran Church
2300 27th St
Spirit Lake, IA 51360

Services
Saturday at 6 p.m.
Sunday at 9 a.m.

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

Subscribe To Our Newsletter