Utah County Homes for Sale - Home Ownership

Utah County Homes for Sale - Home Ownership

While some people choose the flexibility of renting and being free of maintenance, many others choose ownership for other reasons.  The pride of being a homeowner is a very important reason for purchasing a home, but more people are interested in homeownership for purely economic reasons.

Building Equity

One of the main economic reasons is that of building equity.  Especially in today's market, with home values being deflated as they are, many buyers can pick up a home at a very reasonable price.  With interest rates being at all-time lows, you can make a healthy payment and have most go to the principal of the home loan, thus creating more equity.

Tax Deduction

Another good reason for purchasing a home is the ability to deduct your mortgage interest and property taxes from your Federal Income Tax return.  This can result in significant tax savings, especially in the early years of a mortgage when interest payments are higher.

Payment Stability

Unlike renting where payments can increase over the years, a fixed-rate mortgage payment will remain the same for the term of your loan.  During a time of increasing foreclosures like we have today, the demand for rentals in much greater, thus creating inflated rental pricing.

Buying a home in Utah can be an adventure. Utah County has a moderate climate with average temperatures in the Utah County Valley ranging from the about 20F to about 92F. Provo Utah was founded in 1849 and was one of the first settlements in Utah County.  Provo got its name from the Provo River which in turn took its name from the mountain man, Etienne Provost. Many of the other Utah communities were officially founded and named the following year, 1850 including Alpine, American Fork, Lehi, Pleasant Grove, Eagle Mountain, Cedar Hills, Highland, Saratoga Springs. The city of Orem was named after W.C. Orem, builder of the railroad which ran through town. Utah Real Estate in Utah County has grown quickly due to the major sources for income in the Salt Lake County area such as education, medical, manufacturing, computer and service companies. Utah County boasts over 10,500 businesses. The largest employers are Brigham Young University followed by the Alpine School District, Inter Mountain Health Care, Utah Valley University, Home Buyer Depot Utah , Home Buyer Realty Utah and Novell to name a few.