3 Top Perks of Homeownership

perks of homeownership3 Top Perks of Homeownership

 

Many people refer to owning a home as the “American Dream.” The reason they do is because owning a home has so many advantages compared to renting and paying someone else. Here is a small list of some of the perks of owning your own home.

 

 

  1. The Entertainment Factor – Whenever you rent from someone or in an apartment complex, there are always rules you have to follow or you will be thrown out. Like you can only use the pool during certain hours or you have to reserve the right to use the grill and picnic area. Having your own home you can jump in your pool anytime you wish (provided you have one) and if you have a grill you don’t have to reserve it or share it with anyone else.

 

  1. You’re Building Equity For You – When you are renting you are paying someone else and helping them build equity in their property. However, when you own the home and when you make your mortgage payment or home values go up in your neighborhood, your equity goes up. Having equity in your home can be very beneficial and can be used to fund other things.

 

  1. Tax Benefits – There are numerous tax advantages to owning your home. For example, you can deduct any interest you paid toward your mortgage for the year as well as property taxes. You can even get tax deductions for making improvements around your home like making it more energy efficient. There are so many things you deduct on your taxes from owning your home I would definitely ask a tax professional to make sure you are deducting everything you can.

Title Junction is a full service real estate title company serving the area of Fort Myers, Cape Coral and the entire state of Florida since 2005. The company handles a number of real estate title services for both commercial and residential properties. Employees of Title Junction can also act as a witness in courtesy closings as well as an escrow agent or a notary public.  Please contact Jennifer Ferri of Title Junction, LLC for further information @ 239-415-6574 or www.title-junction.com

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Posted on October 3, 2014, in Title and tagged , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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