The benefits of purchasing and owning your place of residence are both financial and emotional-pride in homeownership and the feeling of security are huge benefits. Property tax deduction, capital gains exclusion and other preferential tax treatments are a plus based on your financial status.
Most importantly your children in time will understand benefit from your leadership. Homeownership is always a central way of building wealth and stability in today's unstable rental market housing market.
Homeownership is a desire that is still strong today. as per Census Bureau the United States homeownership rate is on the rise, see graph as it reports from 2021. This data shows more than half of the United States population reside in their own home and percentage is growing with time. Homeownership can protect you from rising rental cost is a major benefit whereas a mortgage payment remain relatively the same with a fixed rate mortgage. When you buy a home with a fixed rate mortgage, you lock in your biggest monthly expense for the term of your loan either a fifteen or thirty year mortgage.
Number one, it is less inexpensive to own versus renting nowadays with inflation on rental properties. This gives you a predictable monthly payment that you can benefit yourself and can gain equity as over time as for your home value can appreciate as you continue to make your monthly payments on time. If you are interested in one of my free e-books navigating the buying process please click link https://kevinstrawter.book.live/buyer-book
Growing your equity, your net worth will increase as well. The latest data from the National Association of Realtors shows that the median household net worth of a homeowner is roughly 300,000, while the median net worth of renters is about 8,000 as per the graph. This means a homeowner's net worth is nearly 40 times that of a renter. Click here to see more /BUYING-VERSUS-RENTING---32819---32836---Dr-Phillips-6-18852.html
Purchasing a home or existing home is not rocket science. Please click link for my free e-book Home Sweet Home, buying new construction vs existing home https://kevinstrawter.book.live/new-construction-book It's about a made up mind to own a piece of the American dream and taking pride in it. The United States homeownership rate is growing, if you are ready to purchase the home of your dreams, stay connected and contact me today as a trusted advisor and professional realtor at 850 496-6412 with a highway of information. There are also many benefits on buying a new construction home and click here to know more /BENEFITS-OF-NEW-CONSTRUCTION-HOMES---32819---32836---Dr-Phillips-6-19911.html Serving Dr Phillips and Central Florida. Click here to know more about Kevin Strawter /ABOUT-KEVIN-STRAWTER-P-A---MRP--GRI--ABR-6-14330.html