7 Reasons Why You Should Own a Home
By Gena Bolton, Sandestin, Destin and South Walton 30A Real Estate
(eXp Realty LLC | CRS, GRI, CLHMS | SoWal 30A Your Beach Awaits | )
NAR put this out a while back, but does it still makes sense today ? Tax write off: According to the U.S. Tax Code you can deduct the interest you pay on your mortgage, property taxes, and some of the costs involved in buying your home. Home value: While the median price of single family homes nationally has gone down -1.8% between 2004 and 2007 the Mobile Real Estate has thrived by increasing in value by 6.4%. Even with a 6.4% percent increase in value the Mobile market is still considered a buyer's market thanks to the ongoing tremendous growth. Stats offered by the NATIONAL ASSOCIATION OF REALTORS. Equity: When owning a house it is possible to gain equity value in many different ways. Supply and demand, new commercial development (accessibility), new schools in the area, new highwa...