Think you can’t afford to BUY a home…You can’t afford NOT to buy a home! Worried about whether buying is a good investment? You have to make those important first decisions; do I want to be a homeowner, can I afford my own home and does it make financial and emotional sense for me to buy? Here are a few facts that will help make those first steps to becoming a homeowner a reality.
The cost of rental housing has increased an average of 3% over the past ten years. If you are renting an apartment or house for $1000.00 in ten years you will be paying more than $1300.00 a month for rent. This means if you rent the same home for ten years, the total amount in rent you pay would equal $137,537.00 with none returned to you either through savings or as an investment. With homeownership, you have tax advantages over renting that will help you save money and result in savings, which makes buying a home a good investment. For the majority of homeowners, their home is their largest financial asset. Don’t go it alone, contact an experienced real estate agent to work for you.
If you have decided homeownership makes sense for you…Congratulations, you’re beginning your steps up the American dream ladder. Along with the joy of painting, plumbing and yard work, you now can deduct many home-related expenses, another great reason buying makes sense.
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