First Time Buyers  >>  Ownership Benefits

Build Wealth
Real estate is one of the best investments you will ever make.  If you buy a home for $200,000 and it appreciates at 5% per year, in 5 years that same home is now worth $256,671!  Obviously there are other costs such as repairs and upkeep that you must subtract from the equation, but you get the picture.  Owning your own home is a great investment!

Tax Deduction
The interest you pay on your mortgage and the property taxes you pay on your home are tax deductible, which give you a lower after-tax payment. Consult your tax adviser to determine your tax benefits. 

More Space
A home of your own may be able to provide you with more space to fit your growing needs than an apartment could.  For example, you may gain more bedrooms, a yard, a second bathroom, and even a family room! 

No place like home
You will achieve the American Dream and experience the pride of ownership that comes from living in and taking care of your own home.  Plus, you will obtain the freedom that home ownership brings.  You will be able to decorate, add on, renovate and landscape your property however you see fit! 

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