Top 3 Perks of Homeownership

top3 perks

Did you know that June is National Homeowner’s Month?

If you are a first-time homebuyer, you may not be aware of all of the benefits that come with owning a home. Reozom‘s online real estate tech platform makes the buying and selling of a home easier than ever.

Make sure to head on over to our platform and start shopping after reading these homeownership perks.

1. Owning a home is a smarter investment.
Owning a home means you are investing your money in your own future versus investing in a landlord’s. Over time, your home will most likely appreciate. This means that you will make money when it comes time to sell. Often times, the money made from selling your starter home will give you a nice down payment for your move-up home.

Plus, owning a home is actually cheaper than paying rent. A Pulseconomics report determined that paying median rent costs about 30% of an individual’s income. The median home payment costs about 15% of an individual’s income.

2. Homeownership gives you tax benefits.
A lot of people don’t realize that being a homeowner actually gives you a few tax breaks. You can deduct the interest you pay on your mortgage (within limits) as well as interest on other home related loans such as home equity and home improvement.

Learn about other tax breaks related to homeownership here.

3. Having a home gives you freedom.
When you own your home, you can do whatever you want with it. You can completely tech it out or get the puppy you’ve always wanted. Plus, you can paint and decorate exactly as you please.

Having the ability to live freely and create a custom living environment actually winds up being many homeowner’s favorite part of having a house.

These are only a few of the perks that go along with owning a home. Begin your home search on Reozom.com today!

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