Buyers Information

The Advantages of Ownership

Complete Freedom

As an owner you can paint the walls whatever color you’d like, hammer a nail whenever you want, no more hassles, it’s all up to you. As your landlord you have the freedom to make any changes you want while acquiring something tangible that builds in equity.

To Buy or To Rent?

Here are a couple of online tools that can help you determine whether buying or renting makes the most sense:

Tax Benefits of Owning Property

  • Whether or not you reside at your property, you still derive tax benefits.
  • Income tax advantages. All interest paid on mortgage and generally property taxes are deductible. Special deductions such as Energy Credits are available to homeowners as well.
  • Don’t be fooled by high interest rates. You may pay much less in the long run because your interest becomes tax deductible.

Feel Secure About Your Retirement

Tax laws give most married homeowners an exemption of up to $500,000 from capital gains tax. Unmarried homeowners can often take a tax free profit of up to $250,000.

Beat Inflation

Although not all homes appreciate at the same rate, historically real estate has kept pace with inflation.

Home Improvements Pay You Back

A renter who makes improvements does not financially benefit from them at move out time. However, a homeowner can earn some or all of the costs of the improvements when selling their home.

Trade Up

Even if the first property you purchase isn’t your dream home, you are well on your way to owning it. With appreciation and home improvements it may provide you with enough equity to put the down payment on the real home of your dreams. 

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