For generations Americans have desired to own a home. Some long to enjoy the privacy of having a space that is solely their own while others see it as being one step closer to the American Dream.
One of the biggest reasons people want to own a home is for the financial gain that owning a home can bring to them. Owning a home is one of the best ways to increase your equity and long-term wealth.
Benefits of Homeownership:
• Homeownership is an American value and the cornerstone of our economy.
• Responsible homeownership is the key to building wealth and a strong middle class.
• Homeowners move far less frequently than renters, making it easier to build community networks and support systems.
• Homeownership offers tremendous freedom to create a living environment that you have always wanted.
Homeownership confers many benefits including:
− Greater awareness of the political process
− Higher incidence of membership in voluntary organizations and church attendance,
− Lower teen pregnancy by children’s living in owned homes
− Higher student test scores by children’s living in owned homes
− Higher rate of high school graduation thereby higher earning,
− Children more likely to participate in organized actives and have less television screen time,
− Better health outcomes, including better physical and psychological health.
- Homeownership builds wealth over time and in the long run
- Owning a home has positive tax implications for many families and can often reduce tax burden. − Your mortgage interest and property tax payments may be deductible from your federal taxes, as well as many state taxes.
There are a number of reasons why someone may want to own a home, and no two reason are the same. No matter your reason, we are here to help you!
Americans can celebrate Homeownership Month by using #CreatingHome in their social media channels. But the best way to celebrate is to actually become a homeowner.
If you would like to explore your home buying options, reach out to our team for a free no obligation consultation.
No need to look at a list of property management companies! If you are interested in Gainesville FL Property Management please contact us. We can be easily reached here on our website by completing the contact form above on the right. You can also email us at [email protected] or via phone (call or text) 352-478-8029.
