Benefits of Purchasing a Home

by Robin Anderson Real Estate 03/22/2020

Image by mohamed Hassan from Pixabay

Buying a home can be one of the best decisions you’ll ever make. However, deciding if you should rent or buy your next home can be a very difficult decision. But once you understand the benefits of owning a home, you can have confidence as you move through the home-buying process.

You Can Save Tons

Buying a home is usually a good investment. That’s because home values continue to rise, while rent prices are also reaching higher levels. So whether you plan on living in a home full-time or you decide to make it a rental property, buying a home can be a smart financial decision. This is even more true if you keep the home for a long period of time. If you look at the data, home prices have skyrocketed dramatically. Back in the 1940s, the average price of a home was around $30,000, according to The U.S. Census Bureau. In the year 2000, that jumped to nearly $120,000. While there aren’t many people who still have a house from the 1940s, this example shows you how home value can increase over a period of time. That being said, buying a home and keeping it around can do wonders for your wallet.

There Are Tax Breaks

While it depends on your individual situation, mortgage interest and certain closing costs are typically tax-deductible. Furthermore, these tax breaks are higher early on in homeownership given the high-interest payments. In addition, mortgage insurance and property taxes might also be tax-deductible. This provides a huge benefit to homeownership, but things get even better: once you decide to sell your home, you can make up to $250,000 in profit and all of that is tax-free. Tax breaks add comfort for homeowners and provide key incentives that be very worthwhile.

It Can Improve Your Credit Score

Another key benefit that comes with homeownership is that you can improve your credit score. This is especially true for those who don’t have a long credit history or many installment accounts. Paying your mortgage shows that you’re a responsible borrower and that you can be trusted. Also, credit bureaus will reward you more for mortgage payments compared to payments for credit cards, student loans, etc. Additionally, very few landlords will report rental payments, so you’re not doing any favors for your credit score by paying rent every month.

Homeownership can be a scary thought, but understanding the benefits involved can help you make the right choice for your needs.

About the Author
Author

Robin Anderson Real Estate

“My Passion is people and relationships and I promise to provide my clients with exceptional service tailored to their individual needs.”
-Robin Anderson

Robin is a Georgia native who brings her passion for people and her love of homes to work for her clients. She and her husband, Andy, have been married for almost 25 years and have two children, Ellen and Drew. They currently live in Fairburn but she has lived in Cobb County, Douglas County, Carroll County, and Coweta County. She has been a part of many real estate endeavors including,building and designing several custom homes, remodeling homes, sub dividing land, managing rental properties, and buying and selling properties. She has spent the last two years with a New Home Builder in Cumming, and City of Decatur, and she is excited to work with both buyers and sellers in her own community!

She believes that meaningful relationships bring so much joy to this world and she knows that real Joy comes from faith in Jesus Christ. Although she is driven to provide outstanding service to her clients, she is astutely aware that people want to know you care about them before they care how much you know.  She counts her family, friends, and community as her biggest blessing.
 

Robin is highly motivated but she is sensitive to the fact that selling a home can be a very emotional experience for the homeowner. So she endeavors to produce results for the seller quickly and makes it a priority to keep them closely informed throughout the process. She is appreciative for the opportunity to help her clients navigate through the real estate process and she aspires to deliver quality customer service that is both positive and informative.
She also understands the importance of marketing and she and her team employ the latest technologies, research, and marketing strategies to ensure that their clients’ properties are positioned and marketed for success. With professionally designed advertising strategically placed in magazines, direct mail publications and flyers, and Internet sites, her client’s properties receive the highest and most effective exposure in the market place. 

Testimonials

"My fiancé and I couldn't have imagined using anyone but Robin as our real estate agent! She was so enthusiastic to find the perfect home for us and took the time to listen to all the things we wanted in our first home together. She's knowledgeable, kind, and works incredibly hard. We texted her late at night more than a few times, and she didn't hesitate to offer advice or encouragement or look at new options for us. Would recommend 10 out of 10!! "

" Robin is the consummate professional! She sold our previous home and helped us through the processes of purchasing and construction of our new home. She is knowledgeable, responsive and takes care of her clients. We would happily ask Robin to represent us again in the future and highly recommend her as an excellent real estate professional."