Why Buy a Home?

Why should you buy a home?

On the fence about buying a home? It's normal to feel anxiety over the commitment of home ownership, but it's also wise to consider the benefits. We suggest that you write down the pros and cons for yourself. Here are a few good reasons to consider buying your very own home... 

1. Independence: In your own home, you'll be able to decorate to suit your tastes, picking your own paint colors, ceiling fixtures, and more.  No more depending or waiting on a landlord.  You'll be able to make improvements and repairs at your own convenience.  In America, we pride ourselves on our independence, and as a result, owning your own home still remains the #1 American Dream!

2. Security: With home ownership comes a greater sense of stability and security.  Owning a home will allow you (and your family) to build strong and solid roots in a community; making solid friendships and connections - without unexpected or unpredictable rent increases!

3. Investment: While there are no guarantees, real estate has proven to be an excellent investment for most homeowners. If you plan on holding onto your home for 5 years or more, you should see a financial gain.

4. Tax Deductions: Home ownership can be a superior tax shelter. Property taxes on a first home or a vacation home are deductible. You'll also be able to deduct interest you pay on your mortgage and some of the actual costs involved in buying your home. In addition, when you sell, you can usually take up to $250,000 ($500,000 for a married couple) as a gain without owing any federal income tax. 

5. Equity: While you'll never see your rent money again, your mortgage payments will build equity for you. In most states, you'll be able to borrow against a home's equity for home improvements, college tuition, medical expenses, new business start-up costs, or a variety of other reasons. 

If you're interested in buying real estate in Sarasota, contact us today (941) 918-1956. As highly qualified and experienced Exclusive Buyer Agents for Sarasota real estate, we've helped home buyers and real estate investors around the world discover and purchase the very best homes for sale, waterfront properties, beach houses, maintenance-free condos, properties in prestigious gated communities, and more luxury real estate in Sarasota, Siesta Key, Lido Key, Bird Key, Casey Key, Longboat Key, Palmer Ranch, Lakewood Ranch, Osprey, Nokomis, Venice Island, and the surrounding areas on Florida's Gulf Coast.