The Benefits of Home Ownership from Joe Kelly

Real Estate Agent with Berkshire Hathaway Florida Realty

The Benefits of Home Ownership from Joe Kelly

Here are just some of the financial/tax advantages of home ownership:

  • Owning versus renting is an investment in your family's future
  • Seeing the break-even point on an adjustable rate mortgage
  • Deduction of qualified interest & property taxes from the income on a first or second home
  • Avoiding the payment of capital gains tax if selling your home (must have lived 2 out of the last 5 years in your home to qualify)
  • Investing in real estate is still one of the best proven growth investments.


Joe Kelly

Comments (2)

Allison Stewart
St.Cloud Homes - Saint Cloud, FL
St. Cloud Fl Realtor, Osceola County Real Estate 407-616-9904
You forgot to mention Capital Gains Tax benefit is 250,000 if single, and 500,000 if married with 2 year residency requirement. A huge improvement over the once in a lifetime deduction on Capital Gains!
Dec 12, 2006 10:00 PM
Joe Kelly
Berkshire Hathaway Florida Realty - Marco Island, FL


Absolutely.  Great Point about the Capital Gains Tax benefit. Thanks! 

Dec 13, 2006 03:09 AM