Benefits Of Becoming A Homeowner

Benefits Of Becoming A Homeowner

What are the Benefits of Becoming a Homeowner?

What are the Benefits of Becoming a Homeowner? | MyKCM

Every family has a list of important dates. We celebrate birthdays, anniversaries, pet adoptions…and the list goes on. For 64.4 percent of households in the United States, this list includes the day they became a homeowner for the first time!

Why is this date important? Homeownership is not just a roof over your head! It represents shelter, stability, wealth, and pride! For decades, homeownership has been an important part of the American Dream!

However, many question if the next generations see the same benefits of homeownership as their predecessors.

Buying a home is an investment in your future!

  1. Appreciation: On average, home prices are appreciating annually at a rate of 3.6%. This helps to create a safety net.

  2. Forced Savings: Your mortgage is like a forced savings plan! With each payment, you are reducing the principal of your loan.

  3. Home Equity: Homeownership builds equity every single month. You can later use that equity to start a business, send your children to college, etc.

  4. Net Worth: A homeowners’ net worth is times greater than renters! This gives you the financial freedom to invest.

  5. Stability: Rent prices increase on average 4% annually! A fixed mortgage payment allows you to save for future projects and guard against inflation.

  6. Tax Benefits: The government has created tax benefits to encourage customers to purchase. (Talk to your CPA to see which benefits apply to you).

Bottom Line

Homeownership is and will always be part of the American Dream! There are many financial and non-financial benefits to take advantage of when owning a home. If owning a home is part of your dream, contact me today to discuss your real estate goals!


Diana Polovko Headshot
Author:
Phone: 984-833-9233
Dated: February 26th 2019
Views: 181
About Diana: Honesty, integrity, and hard work are the key elements of my business. Behind every home sale or pur...

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