The Benefits of Home Ownership
The feeling of owning your own home is unmatched. You can fix it up, make it your own, get a dog, or plant a tree, if you want. Doesn't that sound exciting?
The government rewards homeowners by providing excellent tax benefits. The interest paid on your mortgage and other related expenses can generally be deducted from your income.
Home values have a well-documented history of going up over time. This increase becomes equity you can benefit from when you refinance or sell.
Renting has often been compared to paying 100% interest, but when you own a home and mortgage is in place, a portion of your payment goes toward the principal balance of your loan. This builds your equity and acts as a savings account.
People that own rather than rent stay in their homes 4 times longer. This provides an opportunity to get to know the neighbors and connect with your local community.
Research shows children of homeowners earn higher test scores and graduate at a higher percentage than those of renters.
After signing the final paperwork to complete the purchase, you are now the owner of a new house. It may take a few days for your loan to be funded once the paperwork has been returned to the lender, but once that check is delivered to the seller, you’ll be all set to move into the home of your dreams.
Experience a team dedicated to your success—offering expert guidance, proven market strategies, and a seamless real estate journey from start to finish.
Randazzo Real Estate
310-510-6398
[email protected]
Adela Randazzo | CA DRE# 01954846
28901 S Western Ave Ste #139
Rancho Palos Verdes CA 90275
