One of the greatest freedoms in our country is the right to buy, sell, and own private property. Often referred to as “The American Dream,” a home is usually the largest financial investment of a lifetime. Because of its importance in our lives, let’s take a look at the benefits of home ownership.

Shelter

Unlike all other capital investments, the home satisfies one of our basic needs for shelter. Shelter means more than keeping us secure from the natural elements. It also assures us the right of privacy which guarantees our individual freedom. The old saying that equates a home to a castle is quite accurate in that home ownership allows us to live our lives according to the preferences of our own life-style.

Pride of Ownership

The free enterprise system is one that rewards success. Traditionally, a home is one of the most significant signs of success. The obvious pride that one feels owning a home is one of the great emotional and psychological rewards for attaining some degree of success in our society. This feeling of pride is continually nurtured as home owners upgrade the quality of homes they own.

Tax Advantages

Despite many changes in the Internal Revenue Service tax laws, home ownership continues to provide unique tax advantages for ownership of a primary residence and a second home. Mortgage interest and property taxes are allowed to be deducted from regular income before tax computations on a primary residence. Ownership of a second home provides tax advantages. Consult your accountant for appropriate tax information.

Profit Potential

Unlike other investments, where you make a return only on the amount of money invested, home ownership allows you the opportunity to obtain a return on both invested and borrowed money. This technique, known as leverage, provides a unique method for every homeowner to enhance his or her net worth.

A home is an investment that comes with many investment benefits but also risks. At A SandCastle Dreams Realty, Inc. we are professional realtors and will do our best to help you in the process of buying a home that is a good investment for you.

One of the greatest freedoms in our country is the right to buy, sell, and own private property. Often referred to as “The American Dream,” a home is usually the largest financial investment of a lifetime. Because of its importance in our lives, let’s take a look at the benefits of home ownership.

Shelter

Unlike all other capital investments, the home satisfies one of our basic needs for shelter. Shelter means more than keeping us secure from the natural elements. It also assures us the right of privacy which guarantees our individual freedom. The old saying that equates a home to a castle is quite accurate in that home ownership allows us to live our lives according to the preferences of our own life-style.

Pride of Ownership

The free enterprise system is one that rewards success. Traditionally, a home is one of the most significant signs of success. The obvious pride that one feels owning a home is one of the great emotional and psychological rewards for attaining some degree of success in our society. This feeling of pride is continually nurtured as home owners upgrade the quality of homes they own.

Tax Advantages

Despite many changes in the Internal Revenue Service tax laws, home ownership continues to provide unique tax advantages for ownership of a primary residence and a second home. Mortgage interest and property taxes are allowed to be deducted from regular income before tax computations on a primary residence. Ownership of a second home provides tax advantages. Consult your accountant for appropriate tax information.

Profit Potential

Unlike other investments, where you make a return only on the amount of money invested, home ownership allows you the opportunity to obtain a return on both invested and borrowed money. This technique, known as leverage, provides a unique method for every homeowner to enhance his or her net worth.

A home is an investment that comes with many investment benefits but also risks. At A SandCastle Dreams Realty, Inc. we are professional realtors and will do our best to help you in the process of buying a home that is a good investment for you.

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