Around 65% of Americans own a home. With the majority of folks being homeowners, there have to be some serious benefits of homeownership.
So what is it? What makes owning a home so much better than renting?
Read on to uncover the unexpected benefits of owning a home!
THE REAL BENEFITS OF OWNING A HOME
Ah, a new home. There is nothing better than having a space to call your own.
While there are benefits of renting a home, like not having to make repairs, the advantages of owning a home far overshadow renting.
With no further ado, here are the top 5 benefits of owning a home.
1. TAX PURPOSES
There are some tax benefits when it comes to owning a home. Mortgage interest, insurance, property taxes, and some closing costs may be tax-deductible. This could mean thousands of dollars saved every year.
If you eventually sell your home, you can put $250,000 in your pocket per individual, tax-free.
2. MORE PRIVACY
When you own a home you don’t have someone to answer to as far as rent goes. Landlords are notorious for stopping by unannounced to fix things or to do something on the property.
No unexpected visitors at your new house, except maybe your mother-in-law.
3. LIVE BY YOUR OWN RULES
This is the most exciting aspect of owning a home for first-time homebuyers.
There is no longer a landlord lurking over you telling you what to do and when to do it. No restrictions on pets, on candles, on guests. You’re free to do as you choose.
You also get to decorate and landscape as you wish, painting walls and tearing up carpet for a beautiful new hardwood floor.
You’re in charge now, and it couldn’t be more exciting.
4. GOOD MONETARY INVESTMENT
The value of a home tends to rise in value over time, making buying a home one of the best investments possible. That’s not bad for also providing you shelter.
Now you won’t see that increase all at once, but stay in your house long enough and you can make some serious money when you sell down the road.
5. PRIDE OF OWNING
There is a sense of pride and joy that goes with being a homeowner. This place is yours, and yours only.
You get to know your neighbors as the homeowners. You do renovations as the homeowners. You get to make all of the decisions regarding your house, and it is a beautiful feeling.
There is a lot to be proud of when you own a home, you’ve made a huge investment and achieved a big old check off the adult to-do list.
ARE YOU LOOKING FOR A HOME?
Are you ready to be in your own home? It is not as hard as you think.
The benefits of owning a home make the whole process enticing, but don’t rush it. Find the perfect house for you and settle into your beautiful new life.
Let Stan Botello and Gary Senser guide you, contact us today to get started on your home finding journey.