Benefits of Home Ownership
Do you own your own home now? If so, great. This article may not be for you. If you do not own your own home and are renting, or considering a move that will put you into a rental agreement, then here are some benefits to home ownership for you to consider.
The most important advantage to owning a home is building equity. Just like a savings account, as you make principal payments, your equity value increases and provides a rate of return, not only from your own money, but also from appreciation over time.
When economists research home prices over the past forty to fifty years, they find that normal appreciation of real estate increases an annual average of three to four percent.
So, what are other reasons to own your home?
- You lock in your payments for fifteen to thirty years. Rental payments have steadily increased over the past thirty years.
- Tax Benefits
- Make it "Your Home"
- Part of the Community
- Savings For the Future
Here is an article from realtor.com that provides more information and more reasons for you to start thinking of owning your own home.
By the way, when you decide to start the process, give us a call. Our team of experts will sit down and help you map out the process and then assist you in finding and purchasing a home for you and your family.
Terry Pauling is a Broker & REALTOR® at EXIT Realty North Star, 222 W Salem Ave. Indianola, IA 50125. We provide full-service real estate services to the Indianola, Warren County and Des Moines, Iowa metro areas. Find Links and contact information for Terry at www.exititown.com. (C) 515-249-9192
To download my mobile business card Text: EXITitown To: 85377