|
1.
Home value appreciation:
In the past five years average appreciation on residential
real estate investment in California has been 10%.
Therefore, if you buy a $200,000 home with a 5% down
payment of $10,000, the home will be worth $220,000 in a
year. This is a handsome 200%
return on your $10,000 investment. Where else can you
find such return on investment?
2.
Tax Savings:
Unlike rent, interest on mortgage, and your property
taxes are tax deductible. Simply stated, government is
assisting you with your home ownership expense.
3.
Stable Monthly Housing Cost:
Unlike rents that keep on rising, your monthly mortgage
payment remains the same over 30-year period. Imagine
how much you save!
4.
Automatic Savings:
Without any special effort on your part, you automatically
save the portion of your payment towards principal and
appreciated value of your home.
5.
Freedom and Individualism: There are restrictions on modifying a rental unit or performing many
types of activities. With having your home, you choose
your lifestyle and make improvements in your home as you
wish.
6.
More Living Space:
Homes are much spacious than rental units are. You have
more space both indoors and outdoors to enjoy life and
live your life comfortably.
Top
|
