Here are 7 Reasons Why You Should Take The Leap this year:
1. 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.
2. 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 2006, according to the National Association of Realtors. Despite the losses in home values we have seen in the past couple of years, home prices are still much higher than they were 10 years ago.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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.
**If you are interested in getting the ball rolling or just looking for some information, feel free to contact me at mgoslee@cbpref.com**
Matt Goslee
Real Estate Agent
Coldwell Banker Preferred
230 Sugartown Rd., Ste 100
Wayne, PA 19087
Cell: 610-505-6635
Email: mgoslee@cbpref.com
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