Ten Reasons to Buy NOW!

15 Nov

TEN GREAT REASONS TO BUY A HOME RIGHT NOW

Quality of life – a home provides stability and security for you and your loved ones, and membership within a community of neighbors.

Pride of home ownership – a home is a personal haven, a place that you can decorate, shape, and share over time because it’s yours.

Historically low interest rates – between 3-4% in Austin gives better purchasing power to those who qualify.

Appreciation potential – your home investment can grow in value.

Equity buildup and debt pay down – homeowners enjoy an average net worth of approximately $184,000 vs. $4,000 for renters.

Leverage – where else can you buy an investment of this magnitude with 5-10 percent down?

Tax deduction advantages – property tax and mortgage interest write-offs.

Tax exemption – up to $500,000 per married couple or $250,000 per person on sale of a primary residence in the United States.

The real cost of renting – at $800 per month, with the average
6 percentrental increase per year, you will pay $126,536 over a 10-year period but have zero ownership of the property.

Start your investment portfolio – with low interest rates, live in your new home for 2 years and then convert to an income property to build your passive income each month! (more to come in future posts about real estate investments!)

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