There are many good reasons to become a homeowner – having your own place in the world, payments lower than rent and being able to do what you want with the property (within reason), but one big reason to consider purchasing a home are the advantages in investment.
Aside from tax incentives, owning a home can mean you have leveraged investment, the only kind available, and homeownership allows households to amplify home value appreciation for borrowing money against your home to buy stocks and bonds. Owning property is also a hedge against inflation as housing costs and rental prices tend to go up higher than inflation rises. You pay housing whether you own or rent anyways.
If you’d like to know more about the many ways homeowning can be an investment, speak with Debbie Scarantino at Bank of England here! Call me today at (865) 429-2797.
ASK DEBBIE HOTLINE: 844-205-1172