So, you want to buy a home. Great! You're probably wondering if buying a home is the right thing for you. Buying a home is a monumental accomplishment and there are many benefits to homeownership. Here are some of the top reasons:
1. Appreciation: Yes, appreciation. Prices are up and down right now. But in the long run your house will appreciate. Historical data shows that over the long run, you'll benefit.
2. Mortgage interest deductions (MID): This has been one of the motivating factors of buying a home for years. The tax break you get is phenomenal. Talk to your accountant for more information. By the way, there's talk of modifying the current MID. You can read about it here: http://www.realtor.org/articlesandblogposts/homeownership
3. Pride of ownership: It feels really good to own your home. Homeownership is a milestone. Homeownership gives a sense security and stability and you have the ability to personalize your home. Pride of ownership is one of the top reasons people strive to own their home. Plus, it feels great to mow your own lawn!
4. Property tax deduction: Read IRS publication 530 for more information.
If you need help finding a home, or you want to sell your existing home I can help.
Happy home hunting!
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