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Security
- A feeling of security comes with owning a home - and the knowledge
that your home is a safeguard against inflation. Generally as
prices go up, so does the value of your property. |
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Investment
- Payments on your mortgage mean you are acquiring a major possession;
instead of rent, you own more and more. The garden you plant,
the permanent improvements you make - all enhance the way of
living as well as the value of your home. |
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Tax Advantage - Your real estate taxes and the interest
on your mortgage or land contract are deductible from your income
tax. |
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Financial Independence - More people have started on the road
to this goal by home ownership than by any other way. Your principal
and interest payments remain the same for the full term of your
mortgage while rents usually go up as the cost of living increases. |
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Standing and Credit - Home ownership makes you a solid
part of the community and gives you an established credit rating.
Such a responsibility also develops self reliance, business acumen
and an appreciation of financial independence. |
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Environment - Your children grow up in the neighborhood
of your choice. Your neighbors are responsible homeowners, often
with backgrounds much like your own. You establish roots. |
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Cash Equity - Better than a savings account, your
home can appreciate to keep pace with inflation. Should your
hobby be carpentry, decorating, etc., you have opportunities
to enhance the value of your home. |
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Satisfaction - Home ownership offers special advantages
that make life more enjoyable - backyard barbecues, large family
gatherings during holidays, a home workshop, a chance to enjoy
your family's companionship in the privacy of your own home. |
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