We are totally focused on
our client's needs, and we
work to realize their
dreams as if they were
our own.
Trina and Rodney Joyner,
Home Team Realty
our client's needs, and we
work to realize their
dreams as if they were
our own.
Trina and Rodney Joyner,
Home Team Realty
| 302-629-7711 realestate@joynerteam.com |
Tips for buyers
CONTACT ME
Home Team Realty
Joyner Team
7 Reasons to Own Your Own Home
1. Tax breaks. The U.S. Tax Code lets
you deduct the interest you pay on
your mortgage, property taxes you
pay, as well as some of the costs
involved in buying your home.
2. Gains. Over last five years (1998-
2002) national home prices have
increased at an average of 5.4 percent
annually. And while there’s no
guarantee of appreciation, a 2001
study by the National Association of
REALTORS® found that the typical
homeowner has approximately
$50,000 of unrealized gain in a home.
3. Equity. Money paid for rent is money
that you’ll never see again, but
mortgage payments let you build
equity ownership interest in your home.
4. Savings. Building equity in your
home is a ready-made savings plan.
And when you sell, you can generally
take up to $250,000 ($500,000 for a
married couple) as gain without owing
any federal income tax.
5. Predictability. Unlike rent, your
mortgage payments don’t go up over
the years so your housing costs may
actually decline as you own the home
longer. However, keep in mind that
property taxes and insurance costs will
rise.
6. Freedom. The home is yours. You
can decorate any way you want and be
able to benefit from your investment
for as long as you own the home.
7. Stability. Remaining in one
neighborhood for several years gives
you a chance to participate in
community activities, lets you and your
family establish lasting friendships, and
offers your children the benefit of
educational continuity.
To calculate whether renting or buying
is the best financial option for you, use
this online calculator courtesy of
Fannie Mae.
1. Tax breaks. The U.S. Tax Code lets
you deduct the interest you pay on
your mortgage, property taxes you
pay, as well as some of the costs
involved in buying your home.
2. Gains. Over last five years (1998-
2002) national home prices have
increased at an average of 5.4 percent
annually. And while there’s no
guarantee of appreciation, a 2001
study by the National Association of
REALTORS® found that the typical
homeowner has approximately
$50,000 of unrealized gain in a home.
3. Equity. Money paid for rent is money
that you’ll never see again, but
mortgage payments let you build
equity ownership interest in your home.
4. Savings. Building equity in your
home is a ready-made savings plan.
And when you sell, you can generally
take up to $250,000 ($500,000 for a
married couple) as gain without owing
any federal income tax.
5. Predictability. Unlike rent, your
mortgage payments don’t go up over
the years so your housing costs may
actually decline as you own the home
longer. However, keep in mind that
property taxes and insurance costs will
rise.
6. Freedom. The home is yours. You
can decorate any way you want and be
able to benefit from your investment
for as long as you own the home.
7. Stability. Remaining in one
neighborhood for several years gives
you a chance to participate in
community activities, lets you and your
family establish lasting friendships, and
offers your children the benefit of
educational continuity.
To calculate whether renting or buying
is the best financial option for you, use
this online calculator courtesy of
Fannie Mae.