Buying a home has the obvious benefit of providing shelter you and your family. There are other benefits as well:

Tax Breaks

When compared to other investments, few can generate the healthy and long lasting tax breaks that home ownership does. When you become a homeowner, there may be tax breaks that you can take advantage of the renters and non-homeowners cannot, the mortgage interest deduction being just one of them. In addition, the deduction of your real estate tax on your federal income tax return is a common practice. Some homeowners choose to use their homes equity to obtain Home Equity Lines of Credit (HELOC) or home equity loans. Interest on these loans may also be tax deductible. With proper planning you may receive tax advantages that last a lifetime. As always, consult with your own tax advisor as to the specific benefits of home ownership that apply to you.


A home is an investment that can, and usually does, increase in value over time. In some markets, home values have been rising dramatically in recent years (California, Florida, Nevada, etc.). In other markets the rise has been more slow and steady. 

In addition, you can use your own hard work to make improvements that will increase the value of your home. Each improvement that you make will add to the overall value of your home and your way of living.

As the value of your home increases, and the amount of your mortgage shrinks, you build equity. That is, the money that would be left over if you sold your home and paid off the mortgage. As mentioned above, you can borrow against this equity should the need arise. It’s almost like a savings account that you live in.


Moving into a home gives you a chance to meet new people, get involved in your community, patronize local merchants, and shape your new neighborhood. It’s a way to put down roots and invest in your town. Home ownership provides a sense of permanence and a solid foundation for our lives.

Buying a home may be the single, largest investment you will make in your life. But there are so many benefits, some tangible and some emotional. Maybe now is the time for you to take the plunge and buy a home, condominium or townhouse and experience this part of the “American Dream”.

 Contact us any time if you are ready to take the first step towards home ownership.