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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7790 W Emerson Drive Kirkland, AZ 86332

$475,000

3 Beds

3 Baths

2,593 SqFt

Status Active

MLS # 6668827

Property Type Single Family Residence

Price Type --

NO HOA!!! This ranch-style hilltop home has million dollar, panoramic views for miles, nearly 7 acres of fenced and gated land, outbuildings, and potential guest house! You will love your full views of both sunrise and sunset, as well as the vast and powerful mountain ranges that fill the horizon. The peace and privacy you will find while listening to the abundant wildlife is unmatched. All your toys and hobbies will find a home on this perfectly situated property on the paved county road. The home is nearly 2600 sqft - with 3 large bedrooms, 2 bonus rooms, 3 full baths, an open kitchen with pantry, plenty of cabinet space, dining room, living room, and huge climate controlled laundry room that can double as an office, media room, or bonus space. Add to that a large attached 2-car Garage that has tons of extra space with shelves and built-in counters, well house and well equipment, detached exterior 16x12 shed (included with full-price offer only), and 600 sqft storage building with the potential to become a guest house or rental. New roof, updated flooring, and more! see attached docs for a breakdown of upgrades/updates. This town is a well-kept Prescott area secret! This peaceful location will allow you to take a deep breath and reset! 25 minutes (17 miles) from downtown Prescott and less than an hour from Wickenburg. If you are looking for rural yet convenient, don't overlook Wilhoit!

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20725 W Colter Street Buckeye, AZ 85396

$475,000

2 Beds

2 Baths

1,581 SqFt

Status Active

MLS # 6673074

Property Type Single Family Residence

Price Type --

Tenant Occupied until May 20th. This Villa is a great full-time residence, or lock and leave, or an investment property generating $20K NET income per year. Villa is situated on an elevated lot with charming tree-lined walking pathway. Mountainside is the only gated community in Victory (55+), featuring private pool and social areas for residents. Enjoy the gourmet kitchen complete with designer-selected features from top to bottom including stainless appliances. You'll appreciate the 10' ceilings and abundant natural light. The family room has large dual pane low E 3 energy efficient picture windows looking out onto your private outdoor paver patio. An oversized super shower and upgraded surfaces highlight the spa-like owners bath. Two bedrooms AND office/den w French doors.

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1741 W Paisley Drive San Tan Valley, AZ 85144

$475,000

4 Beds

2 Baths

1,863 SqFt

Status Active

MLS # 6673545

Property Type Single Family Residence

Price Type --

Home Qualifies for No Downpayment Loans! Motivated Seller ~ Bring All Offers! Located in the VERY POPULAR subdivision CIRCLE CROSS RANCH in NORTH San Tan Valley. SUPER CLEAN & UPDATED MOVE IN READY 1 STORY Ranch home with 4 Bedrooms (4th Bedroom is Large Den) with HEATED POOL and BUILT in 2012! A HUGE greenbelt right across the street! LOW Maintenance Yards ATTACHED Extended 2 Car Garage w/ EXTRA STORAGE! Amazing Stacked Brick accent wall in living Room! LARGE Open Kitchen with Stainless Steel Appliances! All Appliances included! Even W/D! Tons of Walking/Biking Trails. Close to LOTS of shopping and restaurants. Easy access to Banner Ironwood Hospital, Minutes from New 24 Freeway!

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3620 E Sumner Place Rimrock, AZ 86335

$475,000

3 Beds

2 Baths

1,716 SqFt

Status Active

MLS # 6672634

Property Type Single Family Residence

Price Type --

This stunning brand new 3 bedroom/2 bath home is in the pristine gated community of Beaver Creek Preserve in Rimrock AZ. Beautifully done Open floor plan with granite/quartz countertops, kitchen island, wood cabinetry and lots of storage and tile flooring. Private back Patio. Huge RV Storage! No RV? Then sky's the limit of what you can do with that space! Storage for your motorcycles, ATV's, Golf Carts! Turn it into a sports Room w/pool table, Ping-Pong, Man Cave, or add a platform for more storage, build a loft, Car lift.. really anything! Great private space between neighbor's min 20ft easements. Clubhouse offers pool tennis, Lounge area, BBQ for all you Friends and Family! Great location just off the freeway, Peaceful and Quiet! 20 min to Cottonwood, 25 min to Sedona, 1 hr to Flagstaff Lots of hiking trails, fishing and just beautiful scenery! ** Price reflects a 30K incentive reduction by using the builders preferred lender! **Come check it out! Make us an offer today and we can make it work!

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