If Not Now, When?

Dated: 05/17/2019

Views: 434

WHAT YOU NEED TO KNOW 

Top 7 Reasons to Own A Home. 

  1. According to Wikipedia 67% of adults in the United States own their own home and if you're not one of them, here are the top 7 reasons you should:

  2. 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. 

  1. 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. 

  1. 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.  

  1. 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.  

  1. 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.  

  1. 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.  

  1. 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. 

  2. If you need more reasons for purchasing or owning your own home, give us a call and we'd be happy to help! 

 

Latest Blog Posts

If Not Now, When?

WHAT YOU NEED TO KNOW Top 7 Reasons to Own A Home. According to Wikipedia 67% of adults in the United States own their own home and if you're not one of them, here are

Read More

5 Ways to Meet the New Neighbors!

5 Ways to Meet the New NeighborsYou finally found your perfect home, had your offer accepted, and made the move. You’ve unpacked, stored away the empty boxes for safekeeping and started to

Read More

The Rise of Markets, The Fall of Agents

Who Will Sell You Your Next House?Yes, this summer in DFW there will be a mad dash for homes. Agents will rise and...will they fall?One big thing to ask yourself is who will represent you in this

Read More