Why Buy Instead of Rent?
Decades after the phrase “the American dream” was first coined, home ownership is still a meaningful goal for a large number of individuals and families. Buying a home is considered by many to be a wise investment because typically, houses increase in value over time. And, as the years go by, you can build ownership interest called equity, which you can borrow against. In contrast to renters, most homeowners receive significant tax breaks, because interest paid on a home mortgage is almost always tax deductible. Finally, there’s the personal satisfaction of having a home you can call your own to share and enjoy with friends and family.
When you rent, your money goes to the building owner. You can generally buy more space for your money and when you buy a home, you build equity through appreciation. There are also many tax breaks available to homeowners. It?s like a built in savings account. Homes generally have a higher return than other investments you can make. So, when you are ready to sell, you’ll sell at a higher price than you paid and will be able move to a larger space as your family expands. A home is about freedom, stability, security and pride in ownership. It is a place to raise your family and an investment in your future and the community. Are you ready to buy? Visit “Can I Afford to Buy” to learn about what you can do to get your finances in order.
When you’re thinking about buying your first home, it’s essential for you to be confident in your decision to buy instead of rent. However, you may not know about the many great reasons to buy a home! Here are just a few of them: Smart Investment- When you invest in a home, it offers the possibility for appreciation in value. The equity becomes yours when you’re still paying off your mortgage. You even get to live in it while your investment matures. Tax Advantages- Since both mortgage interest and property taxes are tax deductible, homeownership can save you significant amounts of money every year at tax time. Planned Housing Costs- You decide how much you to spend on your home, including repairs and improvements. Unlike renters, homeowners with a fixed-rate loan can lock in their monthly housing costs. Click Here for More Info. http://www.tampabayrealtyprofessionals.com/ApplyingforaLoan Improvements Made to Suit Your Taste- You can choose which improvements to make to your own proper
