HOME OWNERSHIP BENEFITS

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Home ownership has been an indelible part of the American dream for centuries. It’s a common goal we have as a nation, and is often noted by homeowners as one of the most important decisions they have ever made. Few other investments ask for this kind of financial commitment, and next to none offer the same sort of personal satisfaction. Whether you are looking for a home in Palm Beach or anywhere in this country, there are a few common home ownership benefits that we all share:

The investment in yourself – Owning a home is a strong monetary investment. While you will need to continue to commit a variable amount of money to repairs and improvements, your mortgage rate will be fixed, and will not increase in the way that payments do for renters. The value of most homes appreciates every year; after several years, you can easily resell your home for a profit.

The investment in your family – Not just a monetary investment, owning a home makes you feel rooted and gives you an extra sense of security and feeling part of a community. Families especially recognize the value of this, and children who feel grounded can perform better in school and have a chance to build a strong social network as well.

The investment in your future – Owning a home gives you more power in various aspects of you life. You can easily increase your credit rating by making your mortgage payments on time. Not only do you save on taxes, but you can borrow against the value of your home as well. And as time goes on, as your family grows and your priorities change, you - as the owner of your home - can make all of the improvements you want. Your home will grow with you.

These home ownership benefits will always remain for current and future homebuyers. Despite the recent market slide and increase in foreclosures, careful planning and making sensible choices are truly all it takes to avoid potential pitfalls. Before starting your search in Palm Beach, Boynton Beach, Ft. Lauderdale, Boca Raton, or elsewhere, ask your realtor if buying a home is the right move for you – if it is, you’ll never regret it for a moment.

Annual Real Estate Trends | Be Aware of Extra Costs | Buying Your First Home | Buying vs. Renting | First Time Homebuyer Incentives | Home Buying Mistakes | Home Ownership Benefits | Home Purchase Pitfalls | How Much Home Can You Afford | Identifying Undervalued Homes | New Homes vs. Resale Property