VACAVILLE, CA, Apr 19, 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, Stephen Spencer, Bev Dorsett & Sue and Steve Kappel, Broker/Owners of Coldwell Banker - Kappel Gateway 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 Sue and Steve Kappel.
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 Sue and Steve Kappel.
It can pay off at tax time. “There are many tax benefits associated with homeownership,” says Sue and Steve Kappel. 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 Coldwell Banker - Kappel Gateway at info@kappelgateway.com, 707-427-5344, or Coldwell Banker - Kappel Gateway.