Financial Advantages of Home Ownership

There are many advantages to owning a home.

Some of the biggest advantages are financial.

Real estate is a first-rate investment for many reasons:

PERIODIC SAVINGS

A monthly mortgage payment can be viewed as a type of scheduled savings plan.  Over time you gradually accumulate equity, which you can barrow against or covert into cash by selling the house. 

STABLE HOUSING PAYMENT

While rent typically increases year after year, mortgage payments can remain unchanged throughout the entire repayment period.  You'r mortgage payment becomes even more affordable in the future when the cost-of-living has increased.

MARKET APPRECIATION

Houses typically increase in value over time.  In a few years, your house may be worth way more than what you payed for it.

 TAX BENEFITS

Homeowners get significant tax breaks and interest paid on a home mortgage is usually deductible.  This can save you a substantial amount each year in federal income taxes.

Conclusion

If you want stability, a sound investment, and a big yearly tax break consider buying property.

There are many reasons to buy a house other than obtaining your forever home.

You might want to think outside the box.

They do say, “more millionaires are made in real estate,” for a reason.


This FREE service/info is brought to you by:

Jeff Herrera, Licensed Real Estate Agent, Lyons Share Real Estate.

Serving Las Vegas and Surrounding Areas.

Have Questions? Call Today!  (702) 481-4887