In this blog, we will discover the benefits of homeownership. Owning a home is the American dream. a home not only provides financial benefits it also provides shelter and security to families.
Did you know:
-Children of homeowners tend to perform better in school and attain high levels of education than children of parents who don't own a home?
-The average return on a 5% down payment over 10 years is usually three to five times greater than stock market returns?
-When you own a home you may be able to deduct property taxes and mortgage interest from your income?
-In most cases the gains that you make when you sell your primary residence are tax-free?
Home Owner Ship is an Investment in Your Future
Home Ownership is how many American families begin to accumulate wealth. Data from the Federal Board's Survey of Consumers Finances shows that over time, a typical home owner's net worth has ranged from 31 to 46 times that of a renter.
The Value of Your Investment
Owning a home is an investment in your future. Home Values could fall in some years, though, on average over the past 40 years, the median price of an existing home has increased about 5% each year. However, this is a national average and local markets vary widely. Thanks to the power of leverage, a homeowner's return on an investment can be more impressive over time.