benefits of buying a house: The benefits of home ownership
- 08/26/19 07:40 AM
The benefits of home ownership Freedom to decorate & renovate your home without checking with a landlord You can have as many pets as you want Possible tax benefits Mortgage costs stay the same as rents rise Owning a home is usually a form of forced savings Housing is typically the one leveraged investment available You are paying for your mortgage, not your landlord's Are you ready to be a homeonwer?
Whether you are looking to buy a home for the first time, a seasoned home buyer or an investor the Buyer's Guide Book will provide with all the information to get (2 comments)
Owning a home has great financial benefits. In a recent research paper, Homeownership and the American Dream, Laurie S. Goodman and Christopher Mayer of the Urban Land Institute explained: “Homeownership appears to help borrowers accumulate housing and nonhousing wealth in a variety of ways, with tax advantages, greater financial flexibility due to secured borrowing, built-in ‘default’ savings with mortgage amortization and nominally fixed payments, and the potential to lower home maintenance costs through sweat equity.” Let’s breakdown 5 major financial benefits of homeownership: 1. Housing is typically the one leveraged investment available Homeownership allows households to amplify any appreciation on the value of their homes by a (2 comments)
benefits of buying a house: Renting Or Owning, What Is Better For You?
- 06/12/19 04:37 AM
In a real estate market where home prices are rising, many have begun to reexamine the idea of buying a home, choosing instead, to rent for a while. But often, there is a dilemma: should you keep paying rent, knowing that rent is rising too, or should you lock in your housing cost and buy a home? Let’s look at both scenarios and analyze the pros and cons of each:RentingWith the housing market crash in 2008, many homeowners lost their homes and became renters. According to Iproperty Management, “the number of households renting their home … rose from 31.2% of households in 2006 (6 comments)