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Six Reasons To Own A Home

June 22, 2020 by Michael Morales 1 Comment

Happiness – The feeling of owning your own home is unmatched. You can fix it up, make it your own, get a dog, or plant a tree if you want. Doesn’t that sound exciting!

Tax Savings – The government rewards homeowners by providing excellent tax benefits. The interest paid on your mortgage and other home-related expenses can generally be deducted from your income.

Appreciation – Home values have a well-documented history of going up over time. This increase becomes equity you can benefit from when you refinance or sell.

Equity – Renting has often been compared to paying 100% interest, but when you own a home and a mortgage is in place, a portion of your payment goes toward the principal balance on your loan. This builds your equity and acts as a savings account.

Roots – People who own rather than rent stay in their homes 4 times longer. This provides an opportunity to get to know your neighbors and connect with your local community.

Education – Research shows children of homeowners earn higher test scores and graduate at a higher percentage than those of renters.

Filed Under: Real Estate News Tagged With: First time home buyer, Home Ownership, Tuolumne County Real Estate

Reader Interactions

Comments

  1. Tails Around the Ranch says

    June 25, 2020 at 10:55 am

    As always, great info, Michael. That graphic says it nicely.

    Reply

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Michael Morales

I’m a baby boomer and empty nester still passionately in love with the girl I married years ago as a young man with a vision. We live with our three golden retrievers on five acres in the Sierra Nevada foothills town of Tuolumne. In 2016, after a blessed life raising our family in the San Francisco Bay Area, we packed up suburbia and moved to the mountains. We haven’t looked back…

Meet Michael

Keller Williams Realty

8 South Washington Street
Sonora, CA 95370

(925) 337-3600
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