7 Reasons To Own A Home

Dated: 01/24/2017

Views: 21

  1. Tax benefits. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, and some of the costs involved in buying a home.

  2. Appreciation. Historically, real estate has had a long-term, stable growth in value. In fact, median single-family existing-home sale prices have increased on average 5.2 percent each year from 1972 through 2014, according to the National Association of REALTORS®.  The recent housing crisis has caused some to question the long-term value of real estate, but even in the most recent 10 years, which included quite a few very bad years for housing, values are still up 7.0 percent on a cumulative basis. In addition, the number of U.S. households is expected to rise 10 to15 percent over the next decade, creating continued high demand for housing.

  3. Equity. Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home.

  4. Savings. Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.

  5. Predictability. Unlike rent, your fixed-rate mortgage payments don’t rise over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will likely increase.

  6. Freedom. The home is yours. You can decorate any way you want and choose the types of upgrades and new amenities that appeal to your lifestyle.

  7. Stability. Remaining in one neighborhood for several years allows you and your family time to build long-lasting relationships within the community. It also offers children the benefit of educational and social continuity. 

3 comments in this topic

  • Posted by Bob Garth
    07/22/2019
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  • Posted by Bob Garth
    07/22/2019
    ATTENTION\r\n=============\r\nGood day Valued Customers, Have you been going through some financial crisis? Then here is the time for you to live above your financial crisis by writing to: ttmdonation@gmail.com so that we can enlighten and empower you in the area of finances. Here you will obtain a loan to start up your own business or even upgrade your present business if you are into one already. For more information just write to us in the email address above and below: condredloanworld@yahoo.com or on skype id: scottloanhomeplc whatsapp number +16106280695\r\n\r\nBORROWERS INFORMATION\r\nYour names: ........\r\nSex:.............\r\nYour country:............\r\nState............ \r\nCity................\r\nYour occupation:........\r\nYour marital status .............\r\nPhone number:.........\r\nMonthly Income:........\r\nLoan Amount:........\r\nLoan Duration:..........\r\n \r\nI hope to see your email soonest and please do send us an email if interested in this 3.% interest rate loan offer. At via email: condredloanworld@yahoo.com or on skype id: scottloanhomeplc whatsapp number +16106280695\r\n\r\n \r\nThanks\r\nKind Regards\r\nMr Condred Nicholas\r\nFinancial Loan Company\r\nManaging Director ... / MD\r\n\r\n
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    07/22/2019
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