10 Reasons for Home Ownership
- Estate Building! Why not build your own instead of your land lord's?
- Rent money is spent money. The moment you buy a home, you start a built-in savings account. The obligation to meet mortgage payments encourages a savings habit.
- Get a free ride with inflation. As inflation continues, you will be paying off your mortgage with less expensive dollars.
- Tax advantages one of the best! Real estate taxes and interest charges on mortgages are tax deductible.
- Home ownership gives the family a sense of security.
- Home ownership offers a better variety of lifestyle choices. Residential housing stock is not as limited as rental housing stock. There are less restrictions on the use of your interior and exterior living areas.
- Your home equity may be used as security for future loans.
- Home ownership is a symbol of achievement.
- Home ownership can improve your credit rating.
- Lifetime rent payments could pay for more than 4 homes!