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7 Reasons to buy a home

By
Real Estate Agent with Safe Harbor Realty Serving SouthCoast MA&RI

7 reasons to buy a home 

 

Many of the folks I have helped buy a home have told me these are the reasons they wanted their Own Home-  Mostly the Freedom to do what they wanted in their own place.  

They wanted to get a pet or 2 or three! A dog a cat even a Horse ! 

They wanted to be able to paint the walls any color they wanted to. 

 They wanted to make all the noise they wanted without getting a phone call from other tenants or the landlord.  

  They wanted to Get a pool or a trampoline ! 

  They wanted to park in their own garage or driveway !

 

The bonus in owning your own home is there are many other financial reasons to Owning your own home.  

Real estate is considered by many to be a sound investment that offers unique wealth-building opportunities. Buying a home expands options for the future, whether you plan to sell and make a profit or leverage the equity in your home to pay for other major expenses. ( Like college for the kids )  

 

 

  • Tax benefits. The U.S. Tax Code lets you deduct the interest you pay on your home mortgage, your real estate property taxes, and some of the costs involved in buying a home
  • Appreciation. Historically, real estate has had a long-term, stable growth in value. In fact, median single-family existing home sale prices have increased on average 5.2 percent each year from 1972 through 2014, according to the National Association of REALTORS®.  The recent housing crisis has caused some to question the long-term value of real estate, but even in the most recent 10 years, which included quite a few very bad years for housing, values are still up 7.0 percent on a cumulative basis. In addition, the number of U.S. households is expected to rise 10 to15 percent over the next decade, creating continued high demand for housing.
  • Equity. Money paid for rent is money that you’ll never see again, Its like throwing it out the window ( and you are actually paying your landlords mortgage ! )    Your own mortgage payments let you build equity ownership interest in your home.
  • Savings. Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.
  • Predictability. Your monthly payments do not go up on a fixed mortgage.  Unlike rent,  so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will likely increase.
  • Freedom. The home is yours. You can decorate any way you want and choose the types of upgrades and new amenities that appeal to your lifestyle.
  • Stability. Remaining in one neighborhood for several years allows you and your family time to build long-lasting relationships within the community. It also offers children the benefit of educational and social continuity.

 

 

Karen Ann Martin Realtor in Westport, Mass has been 

Helping home buyers in MA & RI since 2003

774-930-8181  ( text friendly )  

Safe Harbor Realty 1037 Main Rd. Suite C Westport, Mass 02790

For Home Buyer tools and tips visit Home Buyer tips and Tools from Karen Martin

 

Posted by

"You're in Good Hands with Karen "   Karen Ann Martin Realtor Westport, MA Real Estate Services  

   Fall River ma Real estate agent Karen Martin   

Home Buyers : For a Free List of Homes for Sale in Westport, Fall River, Dartmouth, Mass  visit www.KarenMartinHomes.com

Home Sellers : For a Free Report of your homes Value call 774.930.8181 or email Karen@KarenMartinHomes.com  Add your address for your Free Report .  

Having trouble paying your mortgage ? Call or Email Karen.  Karen is Trained to help Home owners in need Avoid and stop Foreclosure Call Karen today you have options and most are of NO Cost !

Westport Mass Real Estate Agent Karen Ann Martin Safe Harbor Realty 1037 Main Rd. Suite C Westport Mass Homes for sale Call or Text  774.930.8181 Karen@KarenMartinHomes.com   

 

Comments (6)

Roy Kelley
Retired - Gaithersburg, MD

This is good information to share.

Have a very productive spring.

Apr 16, 2023 10:14 AM
Karen Martin Real estate agent Safe Harbor Realty

'thank you Roy Kelley feel free to use it  

Apr 16, 2023 10:40 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Karen, great info to share with buyers on the fence whether or not to buy.

Apr 16, 2023 10:17 AM
Karen Martin Real estate agent Safe Harbor Realty

'thank you Joan Cox feel free to use it  

Apr 16, 2023 10:40 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Karen Ann Martin Realtor Safe Harbor Realty those are all very good reasons to purchase a home.

Apr 16, 2023 03:07 PM
Eva B. Liland Century 21 Doug Anderson
Century 21 Doug Anderson - Lancaster, CA
Glad to be of Service 661-714-1643

Owning a home, any home be it a residential real estate or a mobile home in a park, doesn't matter. That is your home that you can feel proud about. It sure beats renting.

Apr 17, 2023 03:32 AM
Richard Weeks
Dallas, TX
REALTOR®, Broker
Great information, thanks for sharing.  I hope you have a great day.
Apr 17, 2023 03:36 AM
Charles Ross - eXp Realty LLC
eXp Realty LLC Salina Group - Salina, KS
Love To Help People

Excellent post.Thank you for sharing. Have a wonderful day and a blessed week.

Jun 22, 2023 06:03 AM