There's No Place Like Your Own Home
Article submitted by Angie Weeks
no place like home." These words are as true today as
they were for a young girl prepping for a return trip
back to her Kansas homeland. This wisdom is especially
true when the residence is your own - lock, stock, and
barrel. True, achieving home ownership requires a bit
more than focused heal clicking. But the benefits are
well worth the effort you'll put into securing a precious
piece of property that has YOU all over it.
renting definitely has its upside, channeling hard-earned
dollars in this direction does little to pave the way
to a secure future. Fortunately, home ownership provides
a financially sensible alternative. That's because monthly
house payments build equity over the duration of the
mortgage. Once a mortgage is paid off, the property
is legally and completely yours. At that point, you
can bid a fond farewell to house payments. You are now
living free of charge in a place of your own!
landlords require compliance with a set rules and regulations
governing what you can and can't do in their place.
After all, rules are rules. And when you're a paying
guest, you're obliged to follow all those carefully
considered do's and dont's. Should you take it upon
yourself to enlarge your landlord's kitchen, you can
count on some pretty serious intervention sooner or
such restrictions with a home of your own. Unless you're
violating some sort of municipal code, you pretty much
can do as you please - paint the walls in dazzling fluorescent
rainbow colors, shape the hedges to resemble your favorite
zoo animals, put in shag carpeting so high it will give
you a nose bleed. Whatever your heart desires. The choice
is all yours.
you move into your dream home, you'll no doubt be inundated
with house warming gifts from friends and relatives.
One of your favorite relatives has a very special gift
for you. Except in very rare instances, your present
from Uncle Sam doesn't come wrapped in colorful paper.
But you'll appreciate it just the same. It's called
a tax incentive. In the vast majority of cases, homeowners
can save thousands of dollars a year in taxes.
If you're contemplating your first home purchase now
or in the future, you're definitely on the right track.
Ensuring a solid financial future, personal independence,
and boundless gratification, home ownership offers a
number of irresistible incentives guaranteed to leave
even the most diehard procrastinators wondering why
they waited so long. Don't be one of them.
written by Tony Marino
Submitted by Angie Weeks
First Time Buyer Specialists