It's staggering when you think about the cost of living, especially if you're a renter and not a home owner. If you are currently paying $1,000 a month for rented housing, over the next three years your property management company will effectively have reaped $36,000 of your hard earned cash. In most cases, you know your rent will go up every year, even if you live in an area that has rent control regulations. You're paying the mortgage for the property owner, when you could be building equity in your own real estate investment.
The tax deductions available to homeowners vary, but there are solid rules the IRS lines out for us. Real estate taxes, mortgage interest, pre-paid interest, and interest on construction loans are all things to take into consideration as tax benefits.
If you or someone you know is currently renting, I urge you to call me to discuss the advantages to home ownership.
Jan Gaweda | Keller Williams Realty Group 542 N. Lewis Road, Suite 100 | Limerick, PA 19468 Direct: 610-653-0386 Office: 610-792-5900 ext 8133 Email: Jan@JanGaweda.com License Number: PA RS290259
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