BUYING A HOME: Benefits of Home Ownership

Experience the sense of personal satisfaction gained by owning your own home. Imagine creating your own private space that is unique to you. When you own, you can do it all your way.


Growing Equity

Home ownership can be an automatic savings account.

Savings accumulate with time as your home appreciates. Average appreciation on a home is approximately five percent, though it will vary from year to year. Some years, in San Diego County, the appreciation has been even higher. History has shown that owning a home is one of the very best financial investments.

Tax Savings

The interest on your mortgage and the property taxes paid are both tax deductible. America's tax structure is set up to encourage and support home purchase. Taking advantage of this tax savings could equal thousands of dollars per year in your pocket.

Freedom and Individuality

Many people dream of owning that perfect home. Each individual or family has its own tastes and desires when it comes to choosing a property to suit a lifestyle.

Stable Housing Costs

When you are a homeowner you no longer need to worry about the landlord increasing rent. You can feel secure knowing what your monthly housing costs will be. Imagine how much rent might be ten, fifteen, or even thirty years from now? Which makes more sense?

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