TEN GREAT REASONS TO BUY A HOME TODAY
A beautiful home in Breckinridge Farms |
1. Quality of life -- a home provides stability and security for you and your loved ones, and
membership within a community of neighbors.
2. Pride of home ownership -- a home is a personal haven, a place that you can decorate, shape, and share over time because it's yours.
3. Excellent affordability -- lower home prices combined with low interest rates means there are tremendous opportunities for buyers.
4. Historically low interest rates -- around 5 percent in the U.S. gives better purchasing power to those who qualify.
5. Appreciation potential -- your home investment can grow in value.
6. Equity buildup and debt pay down -- homeowners enjoy an average net worth of approximately $184,000 vs. $4,000 for renters.
7. Leverage -- where else can you buy an investment of this magnitude with 5-10 percent down?
8. Tax deduction advantages -- property tax and mortgage interest write-offs (in Canada, home owners gain a tax benefit upon selling).
9. Tax exemption -- up to $500,000 per married couple or $250,000 per person on sale of a primary residence in the United States (no tax upon sale in Canada).
10. The real cost of renting -- at $800 per month, with the average
6 percent rental increase per year, you will pay $126,536 over a 10-year period but have zero ownership of the property.
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