The Benefits of Home Ownership

Dated: August 26 2020

Views: 71


HAPPINESS

 The feeling of owning your own home is unmatched. You can fix it up, make it your own, get a   dog, or plant a tree if you want. Doesn't that sound exciting!

Happiness


TAX SAVINGS

The government rewards homeowners by providing excellent tax benefits. The interest paid on your mortgage and other home-related expenses can generally be deducted from your income.

Tax savings


APPRECIATION

Home values have a well-documented history of going up over time. This increase becomes equity you can benefit from when you refinance or sell.

Appreciation


EQUITY

Renting has often been compared to paying 100% interest, but when you own a home and a mortgage is in place, a portion of your payment goes toward the principal balance on your loan. This builds your equity and acts as a savings account. 

Equity


ROOTS

People who own rather than rent stay in their homes 4 times longer. This proves an opportunity to get to know your neighbors and connect with your local community.

Roots


EDUCATION

Research shows children of homeowners earn higher test scores and graduate at a higher percentage than those of renters

Education

Blog author image

Janette Friend-Harrington

"Your Legacy Begins At Home" Janette and Doug and their Friend Team have more than a real estate practice; they have a mission called "Your Legacy Begins At Home". The mission combines years of real ....

Latest Blog Posts

6 Home Upgrades Buyers Want in the COVID-19 Era

If you imagined 2020 was the year you would finally list your house for sale, you may have hit the brakes on those plans when the coronavirus pandemic arrived. But now, we’re more than six

Read More

Why Pricing Your House Right Is an Essential

In today’s real estate market, setting the right price for your house is one of the most valuable things you can do.According to the U.S. Economic Outlook by the National Association of

Read More

Key Factors to Consider as You Cultivate Your House-Hunting Wishlist

When searching for your dream home, it’s easy to become swept away by a property’s beauty and make a buying decision based on your emotional reaction. However, as one of the most

Read More

Why Isn't My Home Selling as Fast as I think it Should?

If the listing for your home hasn't been attracting buyers for a few weeks in a fast-paced real estate market, or for a few months in a slower one, you certainly have good reason to be concerned.

Read More