Buyers

Benefits of Home ownership

Buying a home is one of the most exciting milestones of your life. To prepare yourself for this moment, you need to know what to expect during the process. This step-by-step first time buyer’s guide created by your agent will help reduce the stress of buying a home and help you enjoy the journey as much as possible.

Step# 1: Roots

People who own rather than rent stay in the homes 4 times longer. Opportunity to get to know your neighbors and connect with your local community

Step# 2: Equity

Renting has often been compared to paying 100% interest, but when you own a home and a mortgage is in place, a portion of your payment goes toward the principal balance on your loan. This builds your equity and acts as a savings account.

Step# 3: Appreciation

Home values have a well documented history of going up over time. This increase becomes equity you can benefit from when you refinance or sell.

Step# 4: Education

Research shows children of homeowners earn higher test scores and graduate at a higher percentage than those of renters.

Step# 5: Happiness

The feeling of owning your own home is unmatched. You can fix it up, make it your own, get a dog, or plant a tree if you want. Doesn't that sound exciting?

Step# 6: Tax Savings

The government rewards homeowners by providing excellent tax benefits. The interest paid on your mortgage and other home-related expenses can generally be deducted from your income?

"Home. so much about it defines who we become."

- Alina Starkov

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