8 REASONS TO BUY A HOME

1. Pride of Ownership: 
• You can paint the walls, play your music whenever you wish, and attach your own things to the walls! You can also improve the property not to the benefit of your landlord, but for simply your own benefit. In summary, you have a feeling of accomplishment, and you feel good!
2. Appreciation of value: 
• Many use their home to hedge inflation which is a smart long-term decision. Regardless of recession, your property value always goes up!
3. Mortgage interest deductions: 
• If you own your own business/independently employed, and have an office in your home, there are many write offs you can do such as on your supplies, internet, phone, cleaning supplies, office furniture, etc. There are many ways to get creative for more savings!
4. Property tax savings: 
• you can make savings on whatever you pay for your property tax and your mortgage interest.
5. Exemption from Capital Gains:  
• If you sell your property and it has increased in value, you are exempt from paying taxes on the gain! However, when you own rental property, you DO.
6. Equity loans: 
• This is for those who are cutting back after realizing they’ve overspent on credit cards, and are struggling to pay back the interest. If you have equity in your home, talk to a mortgage broker! Get your place refinanced, and get a home equity loan so you can consolidate some of your debt and then pay it off. So, if you are getting behind on payments on your interest, your house is a great thing to tap into.
7. Eviction:
• As a houseowner, you don’t have to worry about eviction!
8. Forced savings: 
• If you are a bit of a shopper and not that good at budgeting, this is a good way to force yourself to save money. This is because as your property increases value, you are also paying down the mortgage and you’re ultimately saving your money every month.

It is always good to buy relative to the time, so make sure to wait for the right moment in the market (hint hint, NOW!).