8 Reasons To Own A Home

1. Security

Your home is a safeguard against inflation. Usually, as prices go up, so does the value of your property.

2. Investment

Payments on your mortgage mean you are making a major purchase for yourself and not just your landlord. The flowers you plant and cultivate are always yours and not improvements to someone else's property.

3. Tax Advantage

Real estate taxes and the interest on your mortgage are tax deductible and may even mean that owning a home is LESS expensive than rent.

4. Financial Independence

Your principal and interest remain the same over the years, while rents increase regularly. If in doubt, ask your parents the amount of the monthly payment on their first mortgage.

5. Standing and Credit

Owning a home makes you a solid member of the community AND gives you an established credit rating.

6. Environment

Your children grow up in the neighborhood of your choice and attend the schools you have selected with your choice of neighborhood.

7. Cash Equity

Your home can appreciate and keep pace with inflation. This can be more appreciation than a savings account. Plus, any improvements you make can add value to your investment.

8. Satisfaction

Home ownership offers many advantages which make life more enjoyable. Family gatherings, cookouts, a home workshop, an environment which reflects your individuality, and the privacy of your own home are all things for which no monetary value can be set but which enhance the quality of life.