No question about it, home ownership is a big investment, maybe the largest you’ll ever make.
But over time, it’s an investment that pays for itself many times over.
Here’s how:
Tax Advantages
* Mortgage interest is tax deductible.
* Real estate taxes are tax deductible.
* Local tax benefits are available in many
ways.
* You can enjoy tax-free profits up to $500,000 from the
sale of a primary residence that you have occupied for
two of the last five years, if you’re single or married
filing separately, you can enjoy tax-free profits up to
$250,000.
Investment Benefits
* You build equity over time, which you take in cash when
you sell your home.
* The profits from home investments are often greater than
from many other investments.
* Because you can borrow against it in most states, home
equity can be a source of emergency funding.
* Land appreciation adds to the value of your home.
* For many, home owning is an important part of retirement
planning.
Personal Satisfaction
* You gain more living space.
* You enjoy the satisfaction and pride of home ownership.
* Home ownership is, for many people, a sign of
independence and achievement.
It might seem like a long way from renting to owning, but many times, a little expert advice and creativity are all you need to make the leap.
Let Vickie Hughes help you achieve your dreams
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Lets talk!
