tax benefits: 7 Reasons to Own Your Own Home
- 08/03/06 11:21 AM
•1. Tax breaks. For the time being, the U.S. Tax Code lets you deduct the interest you pay on your mortgage, property taxes you pay, and some of the costs involved in buying your home. •2. Gains. Between 1998 and 2002, national home prices increased at an average of 5.4 percent annually. The Seattle market has been even more spectaular than this. And while there's no guarantee of appreciation, a 2001 study by the NATIONAL ASSOCIATION OF REALTORS® found that a typical homeowner has approximately $50,000 of unrealized gain in a home. •3. Equity. Money paid for rent is money that you'll never see … (2 comments)
As a Realtor, I have always felt committed to helping my clients achieve their goals of homeownership. It is in this desire that I have come upon this quest to learn about affordable home ownership opportunities that are hidden jewels for our future first time buyers! I will use this blog to share the information that I learn and to highlight special organizations that are out there within our communities!
•1. Tax breaks. For the time being, the U.S. Tax Code lets you deduct the interest you pay on your mortgage, property taxes you pay, and some of the costs involved in buying your home.;)
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