BOULDER, CO, Apr 23, 2024—On the fence about buying a home? Other than the obvious idea that you finally own your space, there are many reasons to make the move to homeownership. Below, Phil Boren, Broker Associate of RE/MAX of Boulder, Inc. offers up the top four.
It's a great investment. Owning a home is a fantastic long-term investment. “Home values are constantly rising and dropping, but watching the market carefully means you may be able to sell your home for a substantial gain down the road,” says Boren.
It's great for your credit. Obtaining a mortgage and paying it on time does wonders for your credit score. “Owning a home builds equity, which can be used to help put children through college, purchase a second home, or make home improvements,” notes Boren.
It can pay off at tax time. “There are many tax benefits associated with homeownership,” says Boren. The mortgage interest paid on a home loan is tax deductible, as is the local property tax.
You're in control. You own your home, which gives you, instead of a landlord, control of your living space. You can make improvements and changes, add that deck, knock down walls, paint or even put in a pool. The sky is the limit in terms of what you can do with your space once you're in total control.
For more information on your home, please contact RE/MAX of Boulder, Inc. at philboren@gmail.com, 303-441-5647, or RE/MAX of Boulder, Inc..
Phil Boren is a 26-year veteran real estate Broker and Realtor, specializing in consulting with buyers and sellers in Boulder, CO and along the Front Range of Northern Colorado. Held Real Estate Broker's license in Texas, California and Colorado; Managing Broker for over 200 agents and Brokers for Century 21 and RE/MAX franchises. Award-winning Realtor with experience in management, sales, marketing, relocation, appraisal, REO, BPO's, foreclosures, short sales; previously held the MAI designation from the Appraisal Institute. Experienced in both residential and commercial real estate and achieved the No. 14 individual ranking in the 5-state, Mt. States Region for RE/MAX International in 2001, based on sales volume. Received my BSBA in Finance and Real Estate from the University of Arkansas in Fayetteville, where he was a 4-year starter and 4-year football letterman for Hall-of-Fame coach, Lou Holtz.