On The Fence About Buying A Home?
Filed Under Real Estate · Tagged:
Owning a Home isn’t the same kind of investment as stocks and bonds. What you get is a USE asset that depreciates over time while it grows in market value. All you have to do is keep your home in good repair to maximize your investment.
| Five Reasons why you get more for your money than the stock market |
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1. Leverage. with stocks, you put in all your money for a little piece of a company. With a house, you put in a little money to get the enire house.
2. Tax Benefits. Uncle Sam knows that you owning a home can be hard work; that is why you get tax incentives. Consider the benefits of fixed-rate mortgages, property tax write-offs, interest rate deductions and depreciation. 3. Control. With a home, you have control-what you buy, how much you pay, and where you live. 4. Lifestyle. With a home, you are purchasing a vantage point for yourself and your family, the neighborhood you want to be in and the size and lifestyle of a home that fits your needs. 5. Value. Unlike some stocks, your house will seldom become worthless. Barring a catastrophe, your home will retain a major portion of its value, even in the worst times. |
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