4 Financial Benefits of Home Ownership

Home ownership may be one of the most familiar goals of adulthood, but there’s more than one reason why so many people flock towards this type of investment and leave the rental market behind. If you’re trying to decide if you should make the big plunge towards buying, here are some benefits of saving up for a down payment and finding the right place to settle in.

It’s More Economical

Many people eschew home ownership simply because it can be hard to wrangle together the funds for a down payment. However, while a monthly rental is money you’ll never see again, the money you put down on a mortgage is being invested back into your home, making for a solid investment you can capitalize on later.

Instant Tax Deductions

The interest that you pay on your mortgage payment can be one of the most tumultuous aspects of purchasing a home, but you may not know that you actually have the ability to deduct many associated costs on your taxes. From origination fees to property taxes, there are plenty of costs that go along with your home that can be claimed for a refund when tax time comes!

Paying A Lower Price

The real estate market fluctuates every day, but one thing is for the certain: the median price of a home is on the rise. While low inflation rates may not be ideal if you’re selling, they can mean a better deal if you’re delving into the market for the first time. Just remember, it’s important to buy a home you can afford as anything that goes beyond your budget is not a solid investment.

A Built-In Savings Account

It may be important to have liquid assets outside of the equity you have in your home, but many people struggle to pay off their home and save money at the same time. While saving outside of your monthly mortgage payment is still important, putting money down on a home is an act of investing, and it’s one you’ll likely make a solid profit on when you decide to sell.

There can be many financial benefits to renting in the short term, but purchasing a home is a more solid financial decision when it comes right down to it. If you’re considering a home and would like to know more about your options, please contact me for more information.

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2101 W Shelly Avenue Apache Junction, AZ 85120

$459,990

4 Beds

2.5 Baths

2,051 SqFt

Status Active

MLS # 6688460

Property Type Single Family Residence

Price Type --

Welcome to Radiance at Superstition Vistas, a brand new master planned community located on the border where Mesa meets Apache Junction. This is a rare opportunity for optimal living - to have the convenience of City living while enjoying the breathtaking Superstition mountains! Small town feel meets modern amenities at its best! The Hanna 2052 sq ft, 4 bed/2.5 bath adorable, energy efficient home in which you will find tile in all common areas, 9 foot ceilings and on trend extra bright white walls.. Located close to the 24, 60 & 202.

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3339 S 177th Drive Goodyear, AZ 85338

$459,990

3 Beds

2 Baths

1,971 SqFt

Status Active

MLS # 6694772

Property Type Single Family Residence

Price Type --

Welcome Home! This cozy single story home features 3 bedrooms plus study, 2 bath, 2 car garage and a Double Gate to backyard! Open kitchen, dining and great room area. Extended Covered Patio expands to a glorious outdoor space to create the oasis you've always wanted! Interior has 9ft ceilings, 8 ft interior doors, shaker style white cabinets, stainless steel appliances, granite countertops, wood look tile floor throughout and carpeted bedrooms. Conveniently located near shopping and dining options. You won't want to miss out on this one!

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7417 W Northview Avenue Glendale, AZ 85303

$459,990

3 Beds

2.5 Baths

1,986 SqFt

Status Active

MLS # 6666090

Property Type Single Family Residence

Price Type --

This home is our Concerto plan with 3 bedrooms, 2.5 bath home. The kitchen is beautifully designed with 42-inch grey cabinetry, Quartz counters and stainless-steel appliances. The adjacent great room includes a multi-slide door extending perfect for indoor/outdoor living. Upstairs a generously sized loft is perfect for additional living. The Primary Suite features a large bath with shower a huge walk-in closet. Don't miss this home! ^^^Up to 6% of Base Price can be applied towards closing cost and/or short-long term interest rate buydowns when choosing our preferred Lender. Additional eligibility and limited time restrictions apply.

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21571 W Papago Street Buckeye, AZ 85326

$459,990

4 Beds

3 Baths

2,012 SqFt

Status Active

MLS # 6671550

Property Type Single Family Residence

Price Type --

Spacious Larkspur plan that has 4 bedrooms, 3 baths. It has a 12x8 sliding glass door off the great room. Stainless steel electric appliance package with microhood. Tahoe Maple Boulder cabinets throughout the home with 42'' kitchen uppers and a pull out trash drawer with two bins. AZT Granite Bianco Typhoon in kitchen with a stainless steel single bowl kitchen sink. Upgrade flooring includes EMS Solara Yaris 20x20 in all areas of the home except bedrooms and closets. Dual sinks at bath 2, soft water loop, garage door opener two remotes, 8' tall garage doors for those high profile vehicles, garage service door for easy access into the backyard and more. Estimated completion in May.

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