BLOG 2012 - Advantages of Home Ownership

By
Real Estate Broker/Owner with American Dream Real Estate, LLC of LA

 

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.

 

RealtorTraceyW Tips for Home BuyersWhen 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 significant return on your investment. That is exactly what your landlord is counting on.

 

Another option would be to keep the home until the loan is paid-in-full. Living in a home that is paid for gives the owner a great sense of pride. As a landlord, it increases your profits. It helps to contribute to your financial freedom.

 

Additionally, there are tax benefits available to qualified home owners.  There are tax deductions for property taxes and mortagage interest that you may qualify to deduct. As a landlord, there are even more opportunities to reduce your tax liability. (For specific information on the financial and tax benefits of buying and investing compared to renting, contact your local financial or tax consultant).

 

Personally, I feel the most important advantage to home ownership is that the home belongs to you. You can decorate it however you wish, entertain house guests, plant flowers and trees, rent it to others, it is all up to you. Home ownership is still the American Dream.

 

Would you like to learn more about the advantages of home ownership?

Are your ready to live the American Dream?

Call now to schedule your FREE CONSULTATION!

Tracey R Wrisper, Residential Real Estate Expert, 337-718-8055.

 

 

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Mary Kay Irving 07/12/2012 01:58 AM
Topic:
Home Buying
Location:
Louisiana Vernon Parish Leesville
Tags:
realtortraceyw
tracey r wrisper
homes for sale in leesville la
top gun agent
homes for sale in deridder la
homes for sale in anacoco la

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Rainer
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David Burrows
Classic Realty - Fairfax, VA
No Pressure, Just Seriously Devoted to Real Estate

Tracey, all of the benefits you write about today are applicable. Thanks for a good post!

Jul 08, 2012 03:16 AM #1
Rainer
36,732
Mary Kay Irving
Thompson Daviau Realty - Boulder, CO

Great intro to first time buying Tracey.  Thanks for the post!

Jul 12, 2012 01:45 AM #2
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Rainer
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Tracey R. Wrisper

"RealtorTraceyW" - Homes for Sale in Leesville LA
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