Why
are you still renting an apartment or home when you could
begin enjoying the many benefits of owning your own home?
Its easier than you think.
How
many years have you been renting? Have you even stopped
and considered how much money you have spent on rent so
far? If, for example, your rent is $800 a month and you
have rented for just two years, you have spent $19,200.
And what benefit have you gained ? None, You are simply
helping your landlord pay his mortgage. Stop and think for
a moment - $19,200 spent and nothing to show for it. NOTHING...
Did
you know that you may be able to purchase your first home
with little money down? And with the tremendous tax advantages
that the IRS allows homeowners, you can write off your mortgage
& property taxes paid. I am a Qualified Tax Advisor
and can explain the tax benefits to you. You gain no tax
benefits from renting. In the above example, If this was
a mortgage instead and you filed your yearly income taxes
you would receive a refund or tax liability reduction of
$2,880 if you were in the 15% tax bracket, or up to $5,376
if in the 28% tax bracket. By renting you get no tax benefit.
So why don’t more people stop renting and buy a home?
Because
they simply do not know. A common reason is because people
think that they need a large down payment just to own a
home. This is no longer true. Still other renters are afraid
of their monthly payments being to high. The only way to
answer your questions is to contact me so I can explain
to you the benefits of owning your own home. After looking
at your individual situation, I can determine if owning
a home is better for you.
Did
you know that a home appreciates in value each year. So
if you buy a home today at $150,000, and it appreciates
a modest 5% ($7,500). The same home would be worth $165,375
after 2 years. That’s a profit of $15,375. And what
kind of a profit did you make renting for 2 years at $800
a month ? None, you spent $19,200. For each year that you
own your home, the greater the potential appreciation value.
While owning an apartment your landlord reams all the tax
benefits and appreciation. You gain nothing. This sounds
harsh, but unfortunately it’s true.
If
you enjoy the carefree maintenance of living in an apartment,
perhaps a condo or townhouse is best for your needs. Many
can also be purchased for less than a detached home. Most
Condos and Townhouses do not require you to mow the lawn,
rake leaves, shovel snow or maintain the landscaping. Instead,
they impose a monthly assessment fee to cover the cost of
these services. So what are you waiting for ?
If
you are serious about purchasing a first home, and are interested
in learning more of the advantages of owning a home, call
me anytime or schedule an appointment to meet with me. Simply
contact me for a no obligation telephone consultation. You
do not pay for my services as your Real Estate Agent, The
seller does. So what do you have to lose?
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