7 Reason To Own A Home

Dated: August 29 2020

Views: 609

When you have too many reservations towards buying your own home, you will find it a little less scary when you have more reasons why you are doing it. Here are a few good reasons why.

Inflation 

Over the years, the real estate market continues to gain stable growth in cost. Although there are instances that the real estate market is down, it is still viewed as an added and valued investment. 

Equity Ownership

For most homeowners, they can maximize the use of equity loan interest at a much less percentage and more often deductible when paying off a home improvement, medical expenses, or even college! 

Ownership 

A homeowner provides every family with a sense of stability by making your future more secure through homeownership investment. It will give you the freedom on which color permanent fixtures to attach or how would like to decorate your own home. 

Tax Deductions

For first time homeowners, real estate property taxes are fully deductible. 

Savings 

When you build equity in a real estate property, you are actually building an off the shelf savings. 

Predictable

When paying for a mortgage, a fixed-rate will decline over time because you will lose more housing costs for as long as you own the home over a period of time.

Security & Stability 

Living in one community for many years will allow you and your family to establish a deep-rooted relationship within the neighborhood. More so, children will be able to take advantage of educational and social stability.   

Read more of our informative blog posts, we add new articles about real estate on the Oregon Coast every week. 

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Taj Richardson

Meet Taj Richardson: I have lived on the Oregon Coast since 1994. I graduated from Nestucca High School in 1996. After several years in college and traveling, I made my way to Lincoln City in 2003. I ....

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