Archive for the ‘Benefits of Owning Your Own Home’ Category:
More Space
Both indoors and outdoors, you will probably have more space if you own your own home. Even moving to a condominium from an apartment, you are likely to find you [...]
Freedom and Individuality
When you rent, you are normally limited on what you can do to improve your home. You have to get permission to make certain types of improvements. Nor does it [...]
Forced Savings
Some people are just lousy at saving money, and a house is an automatic savings account. You accumulate savings in two ways. Every month, a portion of your payment goes [...]
Income Tax Savings
Because of income tax deductions, the government is basically subsidizing your purchase of a home. All of the interest and property taxes you pay in a given year can be [...]
The Best Investment
As a fairly general rule, homes appreciate about five percent a year. Some years will be more, some less. The figure will vary from neighborhood to neighborhood, and region to [...]
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