Perks Of Homeownership

Dated: 08/08/2017

Views: 40

Recently, Freddie Mac reported the benefits of homeownership. According to their report, here are the three benefits that should be at the top of your list!Image title

Let’s expand on each of the points:

Your monthly payments will remain stable.

When you purchase a home with a fixed rate mortgage, the majority of the payment (principle and interest) remain constant. On the other hand, rent rates continue to change. Your housing expense is much more stable if you own instead of rent.

You may have some tax benefits.

According to theTax Policy's Briefing Book there are several tax advantages to homeownership.

Here are four items they listed:

  1. Mortgage Interest Deduction

  2. Property Tax Deduction

  3. Imputed Rent

  4. Profits from Home Sale

You can take pride in ownership.

Most surveys show that a major factor in purchasing a home is the freedom you have to design the home the way you want. From paint colors to yard accessories, you don’t need a landlord’s permission to make the house feel like a home.

Bottom Line

There are many benefits to homeownership and our team wants to get you there! So what are you waiting for?!

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