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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8410 E Chaparral Road Scottsdale, AZ 85250

$465,000

4 Beds

2 Baths

1,676 SqFt

Status Active

MLS # 6651453

Property Type Townhouse

Price Type --

Spacious four bedroom townhouse in Scottsdale just minutes to the Scottsdale Greenbelt multi-use path, Chaparral Dog Park, multiple City parks, restaurants, shopping, nightlife, and entertainment. Quick, easy access to the 101 freeway. This is a unique tri-level split floor plan. Two bedrooms upstairs with a full bath and two bedrooms downstairs with 3/4 bath. Main floor has an open kitchen, dining room, and sunken living room. Kitchen has granite countertop installed in 2023 and stainless steel appliances purchased in January 2024. Private back patio with storage space/laundry area. Covered carport parking for two along with guest parking throughout the community. Property features a pool and clubhouse. HOA maintains all public areas and landscaping. Listing agent is related to seller.

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7640 E Globemallow Lane Gold Canyon, AZ 85118

$465,000

3 Beds

2 Baths

1,719 SqFt

Status Active

MLS # 6685645

Property Type Single Family Residence

Price Type --

Discover your dream retreat in Gold Canyon! This one-story, well laid out home offers generous 9 ft ceilings, an expansive open floor plan of living areas. Spacious gourmet kitchen w/ stainless steel Kenmore appliances, 42'' upgraded cabinets & granite counters w/ barstool seating plus pantry storage! Admire the custom, desert design painted in 2023 perfect for primary home or vacation home. 5-piece primary suite boasts a walk in closet, plenty of counter space, dual sink vanity, soaking tub, walk in shower & enclosed toilet room. Step outside & enjoy low maintenance landscape w/ lush turf, custom pavers, quaint water feature & covered patio complete w/ ceiling fan perfect for bbq's & entertaining. Furniture can stay. quaint water feature & covered patio complete w/ ceiling fan perfect for bbq's & entertaining.

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19425 N Guardian Lane Surprise, AZ 85387

Open House

$465,000

2 Beds

2 Baths

1,834 SqFt

Status Active

MLS # 6685552

Property Type Single Family Residence

Price Type --

Charming Desert Rose that will get your attention as soon as you drive up. Excellant curb appeal with palm trees, Walled Entery Way, Deluxe Landscaping and warm Exterior Paint. Open concept, floor plan with a fabulous kitchen which includes corian counter tops and island. Newer GE Stainless/Black Range Oven, Built In Microwave and Dbl Door Refrigerator. Maple Cabinets with kitchen nook for that cup of coffee in the morning. Custom Design Media Wall Includes a Lighting Package and Electric Fireplace. French Doors at Den/Office for privacy. Carpet in Den and Bedrooms with tile in main areas. Baywindow in Primary Suite creates a warm inviting space. Extended patio with Built In Propane BBQ Grill Island and water feature. Home is available furnished as an option.

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19514 N 84th Avenue Peoria, AZ 85382

Open House

$465,000

2 Beds

2 Baths

1,448 SqFt

Status Active

MLS # 6694726

Property Type Townhouse

Price Type --

This UPDDATED, end-unit Casita is a stunning ST THOMAS floorplan packed with desirable features. Both bathrooms remodeled - raised vanities, Granite counters, updated showers. Plank tile flooring throughout, complemented by custom floating shelves and built-ins in the great room with slate accents. Recessed lighting adds ambiance, and check out the unique, custom bookshelf with hidden storage! The primary bathroom has been reconfigured to enlarge the shower. Kitchen enhancements include Stainless Steel appliances, Quartz counters & windowsills, gray cabinets and under-cabinet lighting. Utility area with built-ins and Quartz counters provide a nice workspace. Windows and sliders have been replaced with Vinyl. Guest room is enhanced by a stunning slate wall and built-in custom cabinetry. You'll love the versatility offered by mechanical interior shades in the Great Room, mechanical shades for all 3 sides of the patio, and roller shades for the rear of the home. Covered area is expanded by the addition of a pergola with adjustable slats. With a new air conditioner in 2020 and a roof covered by the HOA, this home offers peace of mind and efficiency. Additional upgrades such as a new garage door and opener further enhance its appeal. Plus, the option to purchase most furniture outside of escrow provides an opportunity for seamless move-in and personalized touches. Come and enjoy the Active Adult lifestyle of Westbrook Village!

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