Here are 6 excellent reasons to by a home instead of renting one:
Tax deductibility of the mortgage interest. You cannot deduct your rent payments BUT you CAN deduct the interest on your mortgage!
Tax deductibility of property taxes. Many home owners fail to deduct their property taxes paid on their home when filing their taxes.
Appreciation potential. In a healthy market, home and land prices generally increase faster than the cost of living. Rent payment money goes to the landlord. That's it.
No taxable capital gains for single home owners up to $250,000. and for married couples, $500,000.
Your money is working for you in a home investment. Interest rates are low and home loan payments are affordable. Paying rent makes a landlord wealthy.
Pride of OWNERSHIP! Homes that are owned look nicer and are kept in better condition.
A real estate agent will find you a house to rent, but a great REALTOR® will know your needs, understand your financial situation and will identify and communicate ALL options that will work with your best interests in mind.
Craig Dellio - REALTOR® Rogers Healy and Associates
Having lived in Dallas for the past thirteen years, I have come to know this city inside and out! Growing up in a real estate family, I knew from an early age I wanted to pursue the industry. After graduating college equipped with the tools to compliment my passion, I was eager to immediately begin my career and have been furthering it ever since. Having been involved in many home renovation projects at the start of my professional career, I had the confidence and persistence to convince my husband to renovate our first home. We have since fallen in love with the process and continue renovating homes as a favorite pastime. As a real estate agent in Dallas, I specialize in single-family residential sales with a comprehensive knowledge of the industry as a whole. In my work ethic, I take an honest and detailed approach, giving every client & their loved ones my undivided attention and utmost respect.