Wednesday, March 30, 2011
According to Realty Times,” An average appreciation rate during normal times is around 6.5 percent a year. That means if you buy a home for $100,000, in just ten years you will have a home that could feasibly sell for around $174,000”
• Personal and Community Stability
Owning a property creates a sense of community and accomplishment. People take better care of property; have higher graduation rates and lower crime rates in more stable communities with large percentages of homeowners.
Tax benefits are a huge asset to many Americans, you can deduct mortgage interest, and there are tax credits and money back for making energy efficient upgrades. These breaks might not seem like a lot at first but for middle income families they can add up fast.
• Benefit to Economy and Job Growth
According to Houselogic, “For every two homes sold, one job is created in the U.S.” Each housing purchase is estimated to generate $60,000 towards economic activity. This is a huge advantage to consider in the long term picture of our country’s and communities’ financial recovery.
• Making Your Property a Home
One of the largest advantages in owning a home comes down to making it your own. You can accomplish this by doing whatever upgrades, decorations, and changes you would like without approval from a landlord. Over time, the investment pays off by creating a home for you, friend, and family to build lasting memories and enjoy a home base.
What are you waiting for? Call an SI Real Estate professional at (813)631-5144 or email us at YourHome@SIRealEstateInvestments.com to start finding your new home today.