Boom! Stop kidding yourself. If you plan on staying in the same area for a few years, renting is not as good for your wallet as owning a home. Many of my clients, friends, and family ask me which is better, to own, or to rent. Here are the top 7 reasons to own a home, explained by The National Association of Realtors!
7 Reasons to Own Your Home
Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, as well as some of the costs involved in buying your home.
Appreciation. Real estate has long-term, stable growth in value. While year-to-year fluctuations are normal, median existing-home sale prices have increased on average 6.5 percent each year from 1972 through 2005, and increased 88.5 percent over the last 10 years, according to the NATIONAL ASSOCIATION OF REALTORS®. In addition, the number of U.S. households is expected to rise 15 percent over the next decade, creating continued high demand for housing.
Equity. Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home.
Savings. Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.
Predictability. Unlike rent, your fixed-mortgage payments don’t rise over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will increase.
Freedom. The home is yours. You can decorate any way you want and benefit from your investment for as long as you own the home.
Stability. Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity.
Online resources: To calculate whether buying is the best financial option for you, use the “Buy vs. Rent” calculator at www.GinnieMae.gov.Recognize this all-American home from my favorite childhood movie? It was recently for sale! Click the link below to view the listing!
At Realty Executives Premiere…
...we are dedicated to setting the standard for leadership and customer service in the Western Suburbs real estate market.
We have extensive knowledge of each of the communities located in the Western Suburbs and surrounding areas and will work tirelessly on your behalf to make your next real estate buying or selling experience a pleasant and successful one. Our services include working with both buyers and sellers in a wide array of real estate markets including residential, commercial, land, and other related property types. We maintain the highest possible standards and provide our clientele with a complete real estate solution.
OUR AGENTS AND A COMMITMENT TO SERVICE
Our company provides real estate agents dedicated to serving your every real estate need. At Realty Executives Premiere,our agents are committed to prov iding a superior level of service in order to ensure the smoothest and most beneficial outcome to each and every real estate transaction. Our agents maintain exceptional knowledge of the local real estate market, outstanding negotiating skills, and the experience necessary to give you the service you deserve. Professionalism, dedication, and knowledge make Realty Executives Premiere the perfect choice when selecting a real estate professional.
HELPING YOU SELL YOUR PROPERTY IN THE MOST EFFECTIVE MANNER POSSIBLE
Selling a home or other type of real estate is a much more involved process than most people realize. It is our commitment to help sell your home or property in a timely fashion while helping you attain the highest possible price for your real estate. We provide outstanding exposure to your property through both traditional means of advertising while maintaining a comprehensive approach using today's modern techniques including web advertising. With tremendous selling experience combined with our comprehensive selling methods, we will ensure that your home selling process is a smooth and enjoyable experience.
MAKING THE REAL ESTATE BUYING PROCESS A SUCCESSFUL ONE
At Realty Executives Premiere, we find that providing outstanding services for our buyers includes combining superb area and market knowledge with experience you can trust. For buyers looking for homes or other real estate here in Wheaton or other surrounding communities in DuPage County, IL, we will work with you to find your ideal home through the employment of a wide array of resources. From free online access to search every home in our market to our dream home finder form, we will make sure all your real estate buying needs are met for all Wheaton, Glen Ellyn, Winfield, Warrenville, West Chicago, and Lombard, area homes. In addition, once we've narrowed down your search to the ideal real estate you are looking for, we can begin the home showing process so you can get a closer look at the homes that should be a good fit for you. Once this has taken place, we will utilize our outstanding negotiating skills in order for you to receive the best possible price for your new property.
We look forward to serving all your real estate buying needs.
here are some homeowners that have been waiting for months to get a pr
"“I love the “family” atmosphere at the Premiere office, and I have been given the freedom to truly run my own business - even as I enjoy the support, technologies, and Broker counsel of our Realty Executives brand. The strong name recognition of this company in the western suburbs gave me the strong start that I needed.”
This is a perfect business model for team-building and collaborative efforts. I will be forever thankful that I have been able to team up with the best in the business.