Monday, May 21, 2012

10 Good Reasons to Buy a Home

  1. Quality of life.
  2. Pride of home ownership.
  3. Mortgage interest is tax deductible.
  4. Property taxes are tax deductible.
  5. Appreciation potential.
  6. Deferred gain and capital gain treatment.
  7. Once in a lifetime exclusion.
  8. Principal accumulation.
  9. Leverage: Where else can you buy an investment of this size with as little as 3% down.
  10. The real cost of renting: At $700 per month, with a 3% rental increase per year, you will pay $96,297 over a 10-year period and have no ownership of the property.

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