Thinking of buying a home? Here are some reasons why buying a home is beneficial.

Buying real estate is a large investment and can be scary for most people.  I remember being afraid right before I bought my first home in 2001.  You may ask yourself numerous questions:

Will you be able to afford it?

Truth is that the initial cost isn't that far off from the cost of moving into a rental if you consider the cost of security deposit and background checks.  The tax code lets you deduct the interest you pay on your mortgage and some of the costs involved in the purchase.

Here are some reasons to own a home:
You build equity - Money spent on rent is never seen again.  When you own a home you build equity.
You Save Money  - Building equity in your home is like having a savings account.
It's more predictable - Unlike rents that have possible annual increases - your mortgage payments remain the same and actually decline as you own your home longer.
Freedom - You can decorate any way you want and paint any colors you choose. You can make upgrades to suit your lifestyle.  When renting you need permission for most alterations, if any.

What happens if a major component breaks down?  
Home Warranty companies make it very affordable to insurance appliances and major components like Air Conditioning and Hot Water Heaters.

If you have any questions or would like me to elaborate please feel free to leave your comments and or feedback below.
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