Don't Rent Buy a New Home in Lake Point Utah

Don’t Rent Buy A New Home in Lake Point Utah

I saw a post somewhere on the net the other day that said “don’t rent, buy a new home in Lake Point Utah“. I checked out the add and loved the new homes offered, the large lots and animal rights you get in these new subdivisions.The new homes for sale in Lake Point Utah have a lot to offer.

Renting a home is a good option for some, but buying a home just might be the best thing for you. When you rent a home, you send money to someone else every month in exchange for knowing that you can call on your landlord when the roof leaks, an appliance stops working or your bathroom faucet breaks. There are some big advantages to buying a house that will help you get out of your renting rut and focus more on your future.

Build Equity

Did you know that when you rent a home, you help someone else build equity? Any changes that you make with your landlord’s approval puts money back in his or her pocket. Keeping the yard clean and taking care of routine maintenance builds equity in that property. When you buy a home of your own, you have the chance to build equity of your own, which you can use to obtain a loan later. With interest rates being so great now it’s almost impossible to see why anyone would rent if they could buy. Further, after looking at what’s offered and the nearness to downtown SLC I would like to shout to the world ” don’t rent, buy a new home in Lake Point Utah.

Save On Your Taxes

When you rent a house, you cannot deduct the money you spend on your taxes. Though some states will let you make a small deduction based on the total amount you spend in rent each month, you cannot make any deductions on your federal taxes. When you buy a home, you can save with a few different types of deductions.

The federal government lets you make a deduction if your home is worth more than what you currently owe on your taxes. If you purchased your first home, you can make a deduction in regards to your property taxes. You can also deduct money that you spend on some renovations and energy saving appliances.

Put Your Personal Touch On Things

As long as you continue renting, you live in a home that belongs to someone else. Your landlord has final say over what you do and do not do. This often means that you cannot make repairs or significant changes without seeking approval first.

Renting a home lets you put your personal touch on things. You can paint the walls any colors you want, rip out the carpet to add hardwood flooring or even make significant changes outside to turn your new home into your dream home.

Now that you know more about the benefits of buying a home and how that purchase can get you out of the rental rut you’re in currently, turn to a real estate professional for assistance.

I’d like to apply for that job. I can do it. Group1 real estate has sold hundreds of new homes in Tooele County and I was selling property around Lake Point 20 plus years ago. You can find out more about what I’ve done by signing up for my blog where I give tips about buying or selling Tooele homes and talk about real estate in the county.

Or….. just call me, Berna Sloan 435-840-5029 let me tell you one more time “don’t rent buy a new home in Lake Point Utah.