Benefits to Owning a Home

July 23, 2008

Know Atlanta, a guide for people relocating to Atlanta, recently published seven benefits of owning your own home. The article really gives some good facts and solid numbers that can help individuals decide whether to rent or buy. The article first talks about the benefits of tax breaks on your mortgage, property taxes and other costs involved in buying a home. Also, on average, homes have appreciated about 6.5% each year since 1972 and have appreciated 88.5% on average in the last ten years making buying a home a great investment. The article also reminds homebuyers that their mortgage payments build equity, while renters lose their monthly payment. The fourth reason to buy a home, is that equity is an automatic savings plan and much of the gain is tax free. Owning your own home also provides predictability since a fixed mortgage payment does not rise. Freedom to decorate and add value as well as stability are also two added benefits of owning your own home. Although there are different pros and cons for each individual when deciding the time to break into home ownership, Know Atlanta brings up some great things to think about. And, with so many great new homes on the market now, it really does seem like a good time to buy!

About The Author

Read All Stories By Carol Morgan

Carol Flammer is a public relations and social media marketing expert, strategist and consultant. With 20 years of experience, Carol has established herself as the “go to” for real estate and construction products public relations and social media. Carol is president of Flammer Relations, Inc., and managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Atlanta and Chicago.

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