The Stock Market is down again… Is this putting Fear in the air again?
If you have a steady job and or income and want to stay in your home for 5-7 years buying a home is probably still the best way to go. If you are paying rent that is money which pays towards someone else’s property and not your own. Many say that they are not ready to own, many millennial are not looking to own, but will this be a big mistake in the long run? Will this be like those who took their money out of the stock market the last time it crashed, didn’t invest again and didn’t make money on the upswing?
I feel that the generalization that Millennials don’t want to purchase homes is probably very bad advice or something spread by builders of rental property.
Have you considered buying a home recently? It is one of the biggest financial decisions you likely will ever have to make. There are certain benefits to buying in comparison to renting. Possible Equity build-up, tax deductions, and you decide how to decorate and maintain.
Buying a home means you have tax deductions each year. You are able to deduct mortgage interest as well as property taxes. When you sell the money will be tax free, exempt from capital gains, as log as you meet the IRS criteria.I
when it is your very own home as an owner you can decorate, remodel, paint, demolish and update. You are able to live our your dreams and experiment with your own style and taste.
Home owners are in charge of the maintenance. There won’t be a disturbance from a service ordered by the landlord or maintenance company. You can decide when a job is done and who carries out the work. You won’t have to deal with contractors who don’t allow.
To view all the homes currently for sale or to contact us: www.homesinlakenona.com
Tel: 407-593-8234
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