What are the advantages of owning a home?

The Leader in Real Estate Information Systems

RISMedia's Real Estate Information Network Member Directory

What are the advantages of owning a home?

Print Article

There are many. Among the most appealing: you own it, which gives you, instead of a landlord, control of your living space. Other benefits stem from potential tax savings and the build up of equity as your property likely appreciates in price over time. Equity can be used to help put children through college, purchase a second home, or make home improvements.

The mortgage interest paid on a home loan is tax deductible, as is the local property tax. If you get a fixed-rate home mortgage loan, you also can invest more wisely knowing your monthly mortgage payment, unlike rent, will not change substantially.

Join RISMedia on Twitter and Facebook to connect with us and share your thoughts on this and other topics.

Need blog or newsletter content or easy, stay-in-touch e-Marketing solutions? Check out REsource and Pop-a-Note!

Send us feedback