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7 Reasons to Buy a Home
7 Reasons to Buy a Home
Considering buying a home? Following are 7 practical reasons to do so, especially if you're currently renting, want to invest in something viable and more.
1. Purchasing a Home is an Investment
When you rent an apartment or a home, every time you pay the rent it’s money that you'll never see again for something you don't own; talk about throwing money away. Most people are surprised to discover that the money they shell out for rent ends up being about the same if not more than a monthly mortgage payment would be (you will need to add in maintenance costs). This reason alone makes buying a home a great idea from a financial standpoint. In addition, as your home's value increases, it becomes an even more worthwhile investment.
2. Low Interest rates
It's a great time to buy a home with the current low interest rates, rental rates going through the roof, home prices below their peaks, employment on the rise. Bottom line, if you're considering buying, now is the time to move forward.
3. Tax Benefits
When you own a home and make monthly mortgage payments, you'll benefit from tax deductions. For instance, ... more

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