Buying a Home
Benefits of Becoming a Homeowner
Why Buy a Home?
The Benefits of Home Ownership.
Good InvestmentHome ownership is a highly leveraged investment that can yield substantial profit on a nominal front-end investment. A house offers leverage, the possibility for appreciation in value. A home is an investment you can live in while it’s working for you!
Tax benefits (such as mortgage interest deductions)The tax breaks for home ownership are substantial. Since both mortgage interest and property taxes are tax deductible, home ownership can save you significant amounts of money every year.
Accumulation of equityWhy keep throwing your money away on rent? Why not build equity with that money instead? Renting doesn’t protect against rising housing prices. Rental units are just as susceptible as homes to increase in taxes, insurance, utilities and other costs. Landlords will pass these increases along to tenants.
Control of housing costsYou decide what to spend on your home and when you spend it. Repairs improvements, changes - everything is up to you. Unlike renters, homeowners who secure a fixed-rate loan can lock-in their monthly housing costs and make wise investment plans knowing these expenses will not increase substantially.
Opportunity to make improvements on the propertyNo more daydreaming about that sundeck, new bath or exterior paint job. You can make any improvement you’d like and increase your home’s value in the meantime!
Pride of OwnershipThere’s nothing like owning your own home. Don’t think you have to wait to buy. You’re never too young to own! The National Association of Realtors shows the average age of first-time home buyers is only 32. We can discuss the numerous financing options available.
The waiting game is a losing game. Don’t put-off buying a home believing that prices will come down. They aren’t likely to. I’m familiar with the current homes on the market and I know neighborhood values well. I can help you determine which properties are priced fairly before you start your search.
I offer a buyer agency which is an arrangement where I actively look-out for your best interests, but get paid by the seller. This eliminates the age-old question “Just who is my agent representing - me or the seller?” My first priority is ensuring that your home buying experience is pleasant, cost-effective and successful. Call me today at (650) 704 – 0506.