Sent to you courtesy of:
Sandy Tower, Broker/Agent Contact: sandy@sandytower.com
Toll Free: 1/877/964-5800
Associated with:
Dickerson & Nieman, REALTORS®, 6277 E Riverside Blvd, Rockford, IL
61114
WHY OWN YOUR OWN HOME?
- Your mortgage payment although at first mostly interest builds up slowly as
increased personal investment in your home (called equity). Rather than paying
rent where you build up no ownership (equity) .
- Your real estate taxes and mortgage interest are tax deductible, thereby
reducing the amount you pay in personal income taxes each year.
- Some times people find that once they purchase a home, other parts of their
life begin to resolve themselves. It seems that much mental energy is spent
thinking about owning a home. Once it is done, then your energies can be
focused on the other major goals.
- A sense of belonging becomes important. You are now a member of the
community and what happens in it. You begin to take more notice in community
happenings and even begin to get involved in church, politics, and volunteer
work.
- A feeling of stability comes from home ownership. There seems to be more
responsibility of neighbors for neighbors than in apartment living.
- Your children reflect the feeling of stability also in improved school
performance.
- You save time and energy doing laundry at home instead of a Laundromat.
In fact, some people claim that they gained a whole evening at home with this
savings.
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