subject: Why Buy a Home? [print this page] Why Buy a Home? Why Buy a Home?
Here's a great FAQ resource from the New Hampshire Housing Finance Authority about first time home buyers. This means lower tax for homeowners.
Real estates trend always gains over the years, unlike a car or a boat, the value of your home should always increase.
Every cent that you put against your mortgage, it increases the equity on your home.
Being a newcomer to home ownership you should notice that your taxes are fully deductible. When you buy your new home it is yours, you have the advantage of painting wherever you want, and you can remodel any way you like. Except for some dips in the market. See your monthly payments on your mortgage as rent. This decision can be easier to make if you take a look at what stage of your life that you are in. One of the most important and one of the most difficult choices a person can make is between renting and buying a house. When you rent you will have the flexibility of being able to move whenever you need to, when you own you first have to sell that home before you move, otherwise you will have an expense of running two households.
Homeowners benefit from many tax incentives, such as property tax along with mortgage interest deductions.
This makes it easier to pay off your home. You will no longer have any landlords as we all love them. One of the very first things to consider when you buy a home is that you will be granted many economic benefits from your investment.
