The average homeowner gained $51,500 in equity over the past year!
Benefits of home ownership
Happiness
The feeling of owning your own home is unmatched. You can fix it up, make it your own, get a dog, or plan a tree if you want. Doesn't that sound exciting!
Tax Savings
The government rewards homeowners by providing excellent tax benefits. The interest paid on your mortgage and other home-related expenses can generally be deducted from your income
Appreciation
Home values have a well-documented history of going up over time. This increase become equity you can benefits from when you refinance or sell. This increase become equity you can benefit from when you refinance or sell.
Equity
Renting has often compared to paying 100% interest, but when you own a home and a mortgage is in place, a portion of you payment goes toward the principal balance on your loan. This build your equity and acts as a savings account.
Roots
People who own rather than rent stay in their homes 4 time longer. This provides and opportunity to get to know your neighbors and connect with your local community.
Education
Research show children of homeowners earn higher test scores and graduate at an higher percentage than those of renters.
Watch the video and find out more!