If you’re like most people, you’re excited about buying your first home—but is home ownership really right for you?
There’s no one-size-fits-all answer about whether buying a house is the right decision (or when you should buy a house, for that matter), but here’s what most homeowners report as some of the best reasons to buy instead of rent.
3 Great Reasons to Buy a Home
While these don’t apply to every situation, these are the best reasons many of our buyer clients buy homes.
Pride in Ownership
It’s the American Dream—you grow up, get a job, and buy a house. And you should be proud to own a home; you’ve earned it.
You can also take pride in the fact that this home is yours, and you can paint it, stomp on the floor from upstairs, and do whatever else you’d like in it.
Real Estate Tends to Appreciate
In addition to providing you with shelter, your home is likely to appreciate. Most real estate investments—and that’s what a home is—grow in value over time. While some depreciate, and nearly all homes are subject to the market’s ups and downs, for the most part, buying real estate can be a great investment.
Deductions for Mortgage Interest
When you pay interest on your mortgage loan, you may be able to deduct it from your taxes. The IRS requires that your mortgage balance be lower than how much your home is worth, but to be sure, you should consult with a tax professional before attempting to write off the amounts you’ve paid.
Are You Buying a Home in Port Aransas?
If you’re looking for a home in the beautiful city of Port Aransas, we’d love to help you.
Call us at 361-563-7788 or get in touch with us online to tell us what you want from your next home. We’ll begin searching right away.
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