Reasons to Own Your Own Home.
20 items ranked
The real estate industry has definitely gotten a bad reputation over the last few years, but that doesn't mean that owning your own home is a bad thing. Here are some reasons why home ownership is still a good idea.
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1.
Tax breaks.
Homeowners are subject to more tax benefits than renters.
2 points - added 13 years ago by keilania -
2.
Sense of security.
When the mortgage is yours, you know if it's being paid. There won't be any surprise evictions.
2 points - added 13 years ago by keilania -
3.
Freedom to decorate.
Homeowners don't need a landlord's approval to change paint colors or countertops.
2 points - added 13 years ago by keilania -
4.
It's an investment.
Even in a down market, at least a mortgage payment is going toward something tangible.
2 points - added 13 years ago by keilania -
5.
Pets.
Most landlords have strict policies about the size and number of pets you can have in a rental property.
2 points - added 13 years ago by keilania -
6.
You have something substantial you can pass down to your kids.
0 points - added 13 years ago by keilania -
7.
You feel like a grown up.
0 points - added 13 years ago by keilania -
8.
Less moving.
0 points - added 13 years ago by keilania -
9.
It's much harder to get evicted.
0 points - added 13 years ago by keilania -
10.
Any improvements you make to the house benefit you and not a landlord.
0 points - added 13 years ago by keilania -
11.
A houseguest can move in permanently and it's still no one else's business.
0 points - added 13 years ago by keilania -
12.
Your houseguests are your business.
0 points - added 13 years ago by keilania -
13.
You will learn new skills like how to patch drywall or repair leaky toilets.
0 points - added 13 years ago by keilania -
14.
You will have a new appreciation for home improvement television shows.
0 points - added 13 years ago by keilania -
15.
Someday the mortgage will be paid off.
0 points - added 13 years ago by keilania -
16.
Regular payments build a strong credit rating.
0 points - added 13 years ago by keilania -
17.
Better deals on auto insurance.
0 points - added 13 years ago by keilania -
18.
Feel more a part of the surrounding community.
0 points - added 13 years ago by keilania -
19.
Equity.
0 points - added 13 years ago by keilania -
20.
No rent increases.
0 points - added 13 years ago by keilania -
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