subject: Special Report! Benefits of home ownership far outweigh renting [print this page] Special Report! Benefits of home ownership far outweigh renting
Buying a home creates economic benefits for the tenant is not known. Why pay the mortgage payment from your landlord if you can be a part of the American dream itself?
Although I always say is the best time to buy a house, I understand that the obstacles in May, but when it's time to buy a house on the right creates a lot of financial benefits that can not afford to be negligible. So I had the pleasure and privilege to help hundreds of residents at homeOwner.
Lessee, I suppose that could be considered depending on the landlord to fix the water heater a slight advantage. But if you are a tenant, you know, depending on your landlord, if the pipes leak or air conditioning and heating system has never been a pleasant experience.
The first and most obvious disadvantage of renting is that you can lose to create social capital. To pay the rent, what you get in return? Be ', of course, a roof over your heada place to sleep, but where does the money go? Moves directly with the owner of a savings account. Your money is used by the owner to reduce the mortgage and take advantage of the gradual accumulation of capital.
Instead of taking advantage of the owner, why not take advantage of building your capital by buying a house instead of rent. Over time, increases the value of the house and instead of paying the landlord the advantage of creating justice, love isAdvantages.
Although some tenants want the house itself and the world the car back, they know they can not afford the mortgage payment. But Congress will help you prepare.
Even if the mortgage payment is often higher than the rental of the United States government wants to own a home. You can end a percentage of mortgage interest if you set your return each year. This leads to a significant reduction of the actual cost of the houseOwner.
You can also take the property tax deducted from income to reduce the tax burden. There may be other advantages. Remember to always ask good to know a CPA (Certified Public Accountant) and the tax law in relation to their personal situation.
Another disadvantage of renting is that rents continue to grow and always will be. You can rely on them.
Owning a home is the best protection against rent increases. Then, asthe growth of their income, you can plan the future, knowing that the payment will remain constant. This service may seem small, but removing the fear of rising cost of home for a long period of safety for many families plan for the future.
Another problem for the lessee only to express your personal style. Even if the owner can decorate it is unlikely that a style that really reflects that you create. In any case, those who want some, that theirhard-earned money to improve the investment owners.
The property has been converted into holiday homes. You can color inside and out with the colors you want. You can dress up the house to your taste. You can plant the palm tree you've always wanted. Rest assured that your home reflects your personality and style. Often called the pride of belonging and that is what this country at heart.
Why a home, equity building,Creating financial security for our families, and expressing that in our community that makes us all better citizens.
Finally, a place we call the American dream. We are happy and not what our ancestors say, when the Constitution that we have the right to life, liberty and the pursuit of happiness, he said.
