The Advantages Of Home Ownership
Buying a Home in Campbell is at the heart of the “American Dream”. It can bring happiness and provide a solid foundation for an independent person or family. It has also proven to be a wise investment in recent years. It has many benefits, but the following three in particular:
When compared to other investments, few can generate the healthy and long lasting tax breaks that home ownership does. When you become a homeowner, there may be tax breaks that you can take advantage of that renters and non-homeowners cannot. The mortgage interest deduction being just one of them. In addition, the deduction of your real estate tax on your federal income tax return is a common practice. Some homeowners choose to use their homes equity to obtain Home Equity Lines of Credit (HELOC) or home equity loans. Interest on these loans may also be tax deductible. With investment real estate, additional tax advantages include the deduction of depreciation and other expenses. With proper planning a homeowner may receive tax advantages that last a lifetime. As always, consult with a tax advisor as to the specific benefits of home ownership that apply to you.
Moving into a home gives you a chance to meet new people, get involved in your community, patronize local merchants, and shape your new neighborhood. It’s a way to put down roots and invest in your town. Home ownership provides a sense of permanence and a solid foundation for living. Campbell is one of the most desirable communities to take up residence in. Visit our Campbell Community page coming soon.
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