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Tax Savings: You can write off the interest paid on the home loan and real estate property taxes if the home is your primary residence.
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Fixed payment: Rent keeps going up. If you buy, with a fixed rate mortgage, your monthly payment only increases as property taxes and home owner’s insurance increase.
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No Landlord. When you rent, you write a check and the money's gone forever. Why make your landlord rich?
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Do it your way with your style. Plant a Garden, tile the floor, help your kid build a tree house, paint your kitchen green. When it's yours, you can do it your way and increase the value of your home.
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Be part of a neighborhood!
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Create stability: Moving sucks, nobody likes it and besides that, its nice to find an area you like and put some roots down.
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Build Equity as the overall market increases & as you pay off your mortgage. A home is the biggest purchase most people make and for many their biggest investment.
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Your equity can add up over time and be used to purchase a bigger home, an investment property or cover other big expenses if you need it.
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Forced Savings.
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Retirement: It may be a long way off, but owning your home free & clear is a major step toward retiring. Especially if your want to retire early.
