| Whether you're a happily unattached working | | | | that you can pay off your mortgage easier - and |
| professional or a young couple with a couple of | | | | get rid of it faster as well. |
| kids in tow, you are probably questioning the logic | | | | Equity in your own home. You can make use of |
| of buying your own house when you could just | | | | your home equity to get more affordable loans |
| rent. Even though the process of acquiring a | | | | which can help finance other things you need - |
| house may seem a lot more complicated | | | | maybe your much-deserved vacation or money |
| compared to simply paying your monthly rent for | | | | to buy new home decorations. |
| an apartment, you'll eventually find many reasons | | | | Emotional security. With your very own home, |
| on why buying a house actually works to your | | | | you no longer have to fret about irate landlords |
| advantage. Here are just 10 things to look | | | | or rent increases every so often. You will most |
| forward to when you finally decide to become a | | | | likely have an idea of what your mortgage fee |
| home owner: | | | | would be like for years, so you can have a |
| A solid investment. Generally speaking, house | | | | measure of emotional security in that, instead of |
| prices increase over a given period of time. It's a | | | | continuously worrying. |
| good investment, because this means that if you | | | | Decorate and renovate. It's your house, so it's |
| buy a house today, you can sell it off at a higher | | | | your call. Add your personal touch to every |
| cost in, say, two years from now. | | | | corner of your home, or hire a designer for that |
| Tax benefits. When you purchase a house, you | | | | professional flair. You can do whatever you want, |
| can actually deduct your mortgage interest from | | | | and you only have yourself (and the people you |
| your taxable income. Of course there are several | | | | live with) to consult. |
| determining factors for this, like mortgage size, | | | | Have a pet and garden. Here are two of the best |
| interest rate, and your tax bracket. But even with | | | | things about having your very own house: owning |
| all things in consideration, it's a given rule that the | | | | a little garden in the backyard, and being able to |
| new the mortgage, the higher the amount of | | | | keep pets. There are not many apartments that |
| interest that you're required to pay - and that | | | | let you have both. |
| spells out a bigger tax break as well. | | | | Putting down roots. Being a home owner makes |
| A real property. Imagine this: you'll actually be | | | | you more established in many things. You can |
| buying your very own property instead of | | | | seriously get to know your neighbors, or let your |
| continually paying for something that belongs to | | | | kids meet new buddies at the park. Many people |
| your landlord. Isn't that a nice thought? | | | | don't consider such things when they're renting. |
| Low interest rates. At the moment, interest rates | | | | A greater community voice. As a local |
| in the real estate market are fortunately lower | | | | homeowner, you can have more say in matters |
| compared to the previous years. This spells out | | | | like school issues and traffic regulations. |