Many benefits of Homeownership

There are so many that I made a list a property and a valuable alternative to the reasons it decided to highlight some of the reasons to consider buying. Many people homeownership, which is why it's worth all the property owners own more than 70% of Americans realize that on-time high. The investment and as great as Albert Einstein is considered to be compound interest "the eighth wonder of the world." I encourage you to at an early age or begin at any age for that matter, real estate investing through the wonder of harness.

Unlike other forms of investment real estate, development of the three forms, which include initial equity (if you buy a property at fair market value) minus the down payment (you yourself are paying a landlord instead) and appreciated. Is great because you really appreciate being appreciated all property, while only for a small payment. For example, a $ 100,000 home and you only put down $ 10,000. Said property appreciates 5% in 2 years. That $ 5000, you get when you spend only $ 10,000, then a 50% return on your money in two years is not too shabby. Down many of the other benefits of renting instead of buying are. In many social benefits, tax, and wealth building to name a few are also included. Real estate is a vast and complex subject, but without a market to be gifted to have the ability to make you financially secure.

Benefits of Homeownership:

Home owners to provide stability. Owners typically stay in their home 12 years, while renters are living no more than three years. U.S. Census American Housing Survey.

Home ownership builds confidence. Owners possess significantly higher levels of confidence than renters. Rossi and Weber National Survey of Families.

Home owners to make positive environment for families. Children of home owners are 59% more likely to become more homeowners. Their children more than 25% of high school graduates and over 116% more likely to graduate from college are expected to. (Boehm and Schlottmann, University of Tennessee.)

Home ownership improves neighborhoods. Owners from 28 to 10 to your home and expected to participate in solving local problems%% are likely to improve. George Galster, "Land Economics" and (DiPasquale and Glaeser, Harvard Joint Center for Housing Studies)

Home owners and civil cases include: in the last elections, including voting and knowing your elected officials. (DiPasquale and Glaeser, Harvard Joint Center for Housing Studies.)

Home ownership creates wealth. The modest-income owners is almost $ 60,000 median net worth less than the same income group, compared to $ 10,000 for renters in. Federal Reserve Board - Survey of Consumer Finance.

Home ownership provides tax benefits. Typical home owner that a $ 1,000 house payment each month on the $ 120 tax savings will be realized.


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