The Advantages of Owning a Home

In many regions of Texas (including right here in North Houston!), owning a home can be just as affordable as renting… sometimes even more so. And though buying a home may not be right for everyone, the advantages to doing so can be eye-opening.  Here are just a few of the advantages of owning a home.

• Equity – As you pay down your mortgage, you increase your wealth by building equity.
• Tax advantages — Mortgage interest is tax deductible and can be itemized on your yearly taxes. These deductions can mean significant tax savings.
• Fixed monthly payments — Often, landlords will increase the rent price over time. When you own a home, your mortgage payments can be fixed each month for the life of the loan.
• Stability — A home can be regarded as a place where your family lives and grows.
• Creativity—As the homeowner, you can decorate, renovate, or expand a house the way you want it to be, creating your dream home.
• Establish community — Many homeowners take an interest in the well-being of their communities, working together to better their neighborhoods, schools, and communities.

Want to explore more advantages of owning a home in North Houston?  Let us help!  Whether you are new to home buying or just new to the area, we can help you navigate North Houston’s real estate market.