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Reasons to Own Your Own Home
7 Reasons to Own Your Own Home
breaks. The U.S. Tax Code lets you deduct the interest you pay on your
mortgage, property taxes you pay, and some of the costs involved in buying
Real Estate values will come back and have in certain areas of Pensacola.
Having said that would you rather invest in real estate or stocks. Only a
tiny fraction of the population have ever made real money in the Wall
Street. For us the average American our home is and will always be our best
Money paid for rent is money that youíll never see again, but mortgage
payments let you build equity ownership interest in your home.
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.
Unlike rent, your mortgage payments donít go up 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 rise.
The home is yours. You can decorate any way you want and be able to benefit
from your investment for as long as you own the home.
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
Contact me with any information you need for Pensacola, Fl