Benefits of Homeownership

Benefits of homeownership may or may not seem easy to understand but there are some amazing benefits of owning your home versus renting a place to live.

Appreciation over time raises the value of the property along side the equity you build paying down your mortgage if you are financing the purchase.

Tax savings benefit the homeowner by giving you the ability to write off mortgage interest payments and other household related expenses.

I don't know if you can put a price on happiness but I do know that being able to make improvements on your property without asking for permission or being fined for things like painting walls or getting a puppy goes a long way when it comes to people's happiness.

Buying also gives you the opportunity to put down roots. People who own stay in their current home 4 times longer than renters. This is what turns a house into a home; building community where you live.

There are also educational benefits to homeownership like higher test scores and higher graduation rates when compared to renters.

For all your real estate needs and questions, please feel free to reach out for a hassle free and no obligation consultation today! Go to www.mccordrealtor.com/contact to schedule your 1 on 1 with Mac. It’s FREE and only takes about 20 minutes.