It’s that time of the year… tax season! Or it was. If you haven’t gotten them in yet- well, you’re late. But I’m sure you have and if you’re a home owner, you had a great tax advantage. Since both mortgage interest and property taxes are tax deductible, owning your home can save you a significant amount of money each year. According to National Association of Realtors, home owners saved an average of $2,173 in 2014 due to the mortgage interest deduction.
Why else should you buy?
Hello! It’s a Smart Investment
When you invest in a home, it offers the possibility for appreciation in value. The equity is all yours!
Planned Housing Costs
You decide how much you spend on your home, including repairs and improvements. Unlike renters, homeowners with a fixed loan can lock in their monthly housing costs.
Freedom to Make Modifications
Paint or renovation, you can choose to do whatever you want – without permission!
Questions about home ownership? Ask an Agent.