The Benefits of Home Ownership

There are many benefits to owning a home. Here are just a few of the reason that home ownership may be right for you:

Tax savings
You may earn significant tax savings because you can deduct mortgage interest and property taxes from your federal income tax as well as many states’ income tax if you itemize your deductions.

A stable monthly housing expense
Your monthly housing loan or mortgage expense can remain the same for the life of your mortgage, depending on the type of loan you choose.

You may build equity in your home over the life of your loan, which allows you to plan for future goals like your child’s education or your retirement.

Potential Appreciation 
If the property increases in value over time you reap the benefits rather than your landlord. Obviously, no one can promise that properties may appreciate over time.

Personal Satisfaction 
Your home can be a great source of pride and satisfaction – giving you peace of mind that you’ve built a solid foundation on which to build your future.

If you would like to explore whether owning a home is right for you give me at call at (925) 864-8848 or email me at:

Michael "Soon" Lee, CRS, GRI
Michael “Soon” Lee, CRS, GRI

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