Renting Vs Home Ownership For The First Time Home Buyer

Renting Vs Home Ownership For The First Time Home Buyer

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Are you thinking of making the leap from renter to first time home buyer?? Imagine holding the key to your own home.  You open the door, walk in and say "This is mine!"  You can paint it how you like, decorate how you like and own a pet without someone telling you otherwise.  Aside from the fun stuff, there are many financial advantages to owning your own home, especially at tax time, and with mortgage rates still low, its a great time to take that step. Here are a few reasons to seriously consider home ownership.

* Real estate typically increases in value over time. 

* Home ownership helps build equity. The equity you have in your home is the amount of money you can sell it for minus the amount you owe.  Equity will in turn build wealth over time, as long as it is a home you can afford.

* Costs are predictable if they are based on a fixed rate mortgage....your landlord can't raise the rent on you!

* Mortgage interest and property taxes are tax deductible as are some closing costs. 

So, if owning a home is your dream for the future, you can get started by talking to a lender to get pre-approved, find a local realtor you feel comfortable with and start looking at houses!!!

Sue Kretzu is a Real Estate Agent with REMAX Parkside Real Estate in Paso Robles, California.  She is dedicated to providing a positive real estate experience for her clients while helping to find them the  perfect home or property. Whether searching for your first home, a second home at the lake or on the coast or looking for your vineyard in Paso Robles Wine Country, call Sue for your showing today!

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Phone: 805-441-8363
Dated: November 10th 2016
Views: 107
About Sue: Sue Kretzu is a full service REALTOR with REMAX Parkside Real Estate in Paso Robles, California. She...

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