6 Reason to own a home

TAX BENEFITS
The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, and some of the cost involved in buying a home.

EQUITY
Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in YOUR home.

PREDICTABILITY
Unlike rent, your fixed-rate mortgage payments don’t rise 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 cost will likely increase.

APPRECIATION
Historically, real estate has a had a long-term, stable growth in value. In fact, median single-family existing-home sale prices have increased on average 5.2% each year from 1972—2014, according to the National Association of REALTORS®. The Recent housing crisis has caused some to question the long-term value of real estate, but even in the most recent 10 yrs, which included quite a few very bad years for housing, value are still up 7.0% on a cumulative basis. In addition, the number of U.s households is expected to rise 10-15% over the next decade, creating continued high demand for housing!

STABILITY
Remaining in one neighborhood for several years allows you and your family time to build long-lasting relationships within the community.

FREEDOM
The Home is YOURS. You can decorate any way YOU want and choose the types of upgrades and new amenities that appeal to YOUR lifestyle!!!

Savings
Building equity in YOUR home is a ready-made savings plan. AND when you sell, you generally take up to $250,00 ($500,000 for married couples) as gain without owing any federal income tax

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If you are looking to make a move to the area, give us a call ☎️ today at 520-245-8866 or visit us online 💻 at https://kamyanewcomb.evrealestate.com/

For a free Comparative Market Analysis (CMA) of your property call to schedule!!