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"Our Business is your Satisfaction"
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Advantages Of Home Ownership
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Okay, you're thinking about buying a new home. As a renter you don't pay for repairs or property taxes. Still, you probably feel something's missing. Perhaps it's a sense of long-term security and stability. Perhaps it's realizing that every time you write that monthly rent check, your hard-earned money isn't doing anything for your future.
You're pretty sure it's time to take a step in a new direction, home ownership, but you wonder, are there really advantages to owning a home?
The answer is a resounding YES! Here's why:
Tax Advantages!
The U.S. government allows tax incentives that make it possible for many homeowners to exceed the standard yearly deduction. - You can deduct 100% of mortgage interest payments on your home. This amount equals a big chunk of your total payments for the first several years.
- You can deduct 100% of your yearly property tax bill.
- If you refinance to consolidate other debts in the future, the interest on the home equity loan is also tax-deductible
Appreciation of Your Investment!
No one can make any guarantees, but over time most real estate increases in value. In fact, the primary way most Americans build wealth is through appreciation of their home's value.
If you are careful about your selection, buy in a desirable location, and take care of your home, it will likely be worth considerably more years down the road than it was the day you bought it.
Your initial investment may be as little as 3% of the home's sales price (or even less with special financing programs, but you are the one who benefits from appreciation of the property. Not the bank, not the landlord. You.
More Stable Costs of Living! - Monthly payments can change if property taxes and insurance go up, but increases usually happen gradually, due to Florida's "Save Our Home" act also known as the homestead exemption.
- Rental fees by comparison typically rise much more rapidly, especially in a hot real estate market market.
Your Equity Grows Each Month!
Building equity in your home is the most fundamental way Americans build wealth and create legacy for future generations. The equity you build through home ownership can potentially help finance your child's future education, help you start your own business or create the down payment for a future dream home.
You Are In Control!
The home is yours, no "first, last and security" deposit. You'll enjoy pride of ownership when you return home after a long day at work. You're free to choose the interior décor you like and add all of your personal touches that make a house your home. In a home you own, you call the shots!
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