Hey Everyone,
I hope the day is going well! The Real Estate Market is really picking up and the amazing opportunity people have been waiting for to buy a house is NOW! Conditions could not be better for buying a home and if moving is in the plans I would recommend acting on it ASAP. If you are currently renting or in the process of searching for your first dwelling there are a few ideas I would like you to consider. Home ownership is ideal right now because of the very low home prices and the extremely low mortgage rates available; however, those are not the only positive aspects for owning a home right now. Some things to consider:
TAX BREAKS --> Were you aware that the United States tax code allows you to deduct the interest on your mortgage. Also you can deduct property taxes and some of the costs involved in the purchase of a home.
INVESTMENT --> Home prices are very low but we seem to have reached the bottom, therefore the prices will begin to climb and the home that you could potentially be buying now will be earning you money along with giving you a cozy place to live. The number of homes in the US is expected to rise 15% over the next 10 years developing continued high demand for houses.
Equity --> Once you pay a rent check the money is gone and it has no long term benefit. With each mortgage payment you are gaining equity ownership interest in your home; the money is not wasted.
Stability --> Owning a home and staying put in one area for an extended period of time lets your family become an established part of the community, helps establish long term friendships, and gives your children the ability of educational continuity.
These are just some of the extra benefits of home ownership. I hope the post was useful!
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