Tax benefits.The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your 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, but 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. Unlike rent, your fixed-rate mortgage payments don’t rise over the years 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.
Author:Sarah Freeman Phone: 928-925-4072 Dated: September 6th 2017 Views: 267 About Sarah: My husband and I instantly fell in love with the charming town of Prescott when we moved here with o...
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The Good Life Team is dedicated to providing you with an exceptional real estate experience from search to signing. Our approach to marketing is unique, innovative and effective and meets the needs of each client. Whether you're looking to sell your home for top-dollar or purchase your future home for the best price, The Good Life Team takes special interest in developing a lifelong partnership with our clients. Our goal is to help you reach your goals and live the good life.
Is it me, or is Fall the most wonderful time of year? The leaves begin
"We contacted Ryan Lowry because we had another realtor who was not really doing anything for us. After 3 months we decided to go with another realtor. So we contacted Ryan Lowry and he came over to talk to us. Not only did he talk, but he did an beautiful video and they did some professional pictures which we were very proud of and what do you know, they sold our house in less than 10 days and we couldn't be happier. I thought that the marketing was very professional. I had several friends of mine that we're curious and went on some websites and said they were very impressed with the layout of the house and how the video was done. Everything, to me, was very very professional and like I said, they did exactly what they said that they would do, when they said they would do it. Since we switched over from the realtor that we had hired to Ryan Lowry, we had many showings and we were really happy with all of the results because it was done so fast and so professional. We would recommend Ryan Lowry to anyone.