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BLOG 2012 - Advantages of Home Ownership
 
BLOG 2012
RealtorTraceyW
Advantages of Home Ownership
 
I have worked with countless First Time Buyers over the years. I am often asked about the advantages of owning a home versus renting. Paying a mortgage and other expenses associated with buying, does not always appear to be a good deal to someone who has never owned a home. Renting usually gives the impression that it is a low stress and carefree lifestyle. There are a lot of misconceptions about home ownership. There are actually many advantages.
 
When you pay rent, the only thing you get in return is a place to live. Every dollar that you pay is an investment for your landlord. When you move out, you may get your security deposit returned to you, as a thank you for not damaging the property.
 
As a homeowner, a portion of every payment is used to reduce the principal of the loan. The principal is the amount that you actually borrowed. Paying down the principal is how you increase the equity in your home. And don't forget about appreciation. This is the increase in value over time.  Should you decide to sell your home, you may realize a ... more

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