On the fence about buying a home? Other than the obvious idea that you finally own your space, there are many reasons to make the move to homeownership. Below are the top four.
1. Owning a Home is a Great Investment
Owning a home is a fantastic long-term investment. Home values are constantly rising and dropping, but watching the market carefully means you may be able to sell your home for a substantial gain down the road.
Obtaining a mortgage and paying it on time does wonders for your credit score. Owning a home builds equity, which can be used to help put children through college, purchase a second home, or make home improvements.
3. Owning a Home Can Pay Off at Tax Time
There are many tax benefits associated with homeownership. The mortgage interest paid on a home loan is tax deductible, as is the local property tax.
4. Owning a Home Means You’re in Control
You own your home, which gives you, instead of a landlord, control of your living space. You can make improvements and changes, add that deck, knock down walls, paint or even put in a pool. The sky is the limit in terms of what you can do with your space once you’re in total control.
As a Member of the Top 5 in Real Estate Network®, I have a wealth of real estate and homeownership information that may be of help to you. Feel free to contact me any time to learn more about this important information and finding a home in Bethesda, and be sure to forward this article on to any friends or family that may be interested as well.