Posted by Yvonne Long on January 1, 2009 at 7:48pm
7 REASONS TO OWN1. TAX BREAKS - The U.S. taxn code lets you deduct the interest you pay on your mortgage property taxes you pay, and some of the costs involved in buying your home.2.GAINS- Between 1998 and 2002, national home prices increased at an average of 5.4 percent annually. And whilel there's no guarantee of appreciation, a 2001 study of the NATIONAL ASSOCIATION OF REALTORS found that a typical homeowner has approximately $50,000.00 of unrealized gain in a home.3.EQUITY- Money paid for rent is money that you'll never see again, but mortgage payments let you build equity ownership interet in your home.4.SAVINGS- Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing a federal income tax.5.PREDICTABLITY- Unlike rent, with the right mortgage your payments don't go up over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will rise.6.FREEDOM- The home is yours. You can decorate any way you want and be able to benefit from your investment for as long as you own the home7.STABILTY- Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity.2009 the year of knowledge!!!!Share
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