Owning a rental property is a great way to develop your net worth and earn some extra income. It comes with a lot of responsibility and can be intimidating especially if it is your first time owning
3 Reasons to Buy a Home You’ve Never Thought About
Dated: March 21 2019
Are you ready to achieve your American dream? Read on to see more reasons for you to buy your own home.
Buying a home is a forced savings plan to build wealth
Spending is really easy. Everywhere we go, society makes sure that they provide everything including the things we don't even really need plus the easiest way to buy it. In modern times, buying is just a one-tap or one click away.
Americans have an average savings of 3-5% over the past 20 years. Let's face it. Most of us do not have the discipline to save. You've got to make your mortgage payment a priority. Part of it goes to interest and the majority goes to the principal so you are forced to save money each month.
Owning a home can really give leverage at some point in your life. You can sell it more than the price you paid for it in the future or you can rent it. You can always do something for it.
A home is an investment that is considered to provide protection against the changing purchasing power of our money from the result of inflation.
Your home will always keep its value. Financial crisis and the likes may happen where your home value may be lower than the amount you paid for it for some time but keep in mind that it won't stay there. The market will recover and your home value will too. Real Estate keeps up with the inflation.
Pride of ownership
Owning a home gives a sense of security and stability to anyone. It is an accomplishment. It feels good to own a home. This maybe one of those things that feel good and is actually really good for you.
Live in your home as long as you want, no more crazy landlords, rent increases, have as many pets as you want and be free. How can you be not happy with it plus you'll get a great tax benefit too! You can deduct the interest you pay on the mortgage from your taxable income.
It would really feel good, does it?
If you are so so ready to buy a home in Alaska, we are just one call away at 907 570-6757 or 907-720-4663 to help you out.
Vanna has called Alaska home for the past 15 years. As a mother, real estate investor and previous business owner, Vanna brings many different perspectives when working for her clients. She has been a....
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