Homeowners Build Wealth!

This topic can not be addressed enough because it is so important.

Homeowners build wealth through independence, equity in their property and tax advantages.

Freedom and independence are an obvious advantage that comes with the ability to make the home your own. You can personalize it by adding, modifying and decorating in ways not allowed in rentals. Owning your own home provides stability and can boost your creditablity.
Build Equity when you pay a mortgage. You are adding to the equity and in a sense saving for the future when you make your mortgage payments. Where you have no control over rents increasing, your principal and interest on your mortgage will remain the same as long as you don't make changes to your loan. According to the National Association of REALTORS®, a typical homeowners net worth is 49% greater than a typical renters.
The tax advantages are substantial. Property taxes and mortgage interest are both deductible from you annual income tax.
Homes appreciate in value delivering a great return on your invested capital. In the time period between 2004 and 2010 Austin home prices rose 23 percent. Just in the year 2013 home prices rose 8 percent over the previous year according to the Austin Board of REALTORS. Few investments can deliver that kind of a return.

If you are considering moving to Austin, I can help you with the transition. Call my office to schedule a time to talk - 512-589-7988.

Austin, Texas. Robin Scott, BROKER. Certified Residential Specialist, Accredited Buyer's Representative, Seller's Representative Specialist. 512.589.7988.

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Buying or selling? Hire an experienced professional. Call Robin Scott, Broker at 512.589.7988.

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