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Geregistreerd op: 16 Jul 2018 Berichten: 2692
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Geplaatst: 07-08-2019 05:18:54 Onderwerp: . For an average person, it is dif |
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Purchasing a home is a major emotional and financial decision. Often times Rockies Chad Bettis Jersey , people want to buy a home; however, emotionally cannot afford to commit to the home-buying process. They are, in fact, afraid. "My payment will be too high" or "What if I lose my job," are some of the "excuses" which I often hear. People do not realize that they are able to meet all the commitments over their life span.
In any event, when everything is said and done, here are some of the major advantages of buying a home:
1. Quality of Life. Home-buying and living in your home affects the quality of life. It adds to your confidence, giving you a sense of pride and satisfaction. You have a sense of emotional well-being as well as peace of mind.
2. Tax Deductibility of Mortgage Interest. The entire mortgage interest payment is tax-deductible and the "net" cost of the mortgage payment actually puts money in your pocket.
3. Tax Deductibility of Property Taxes. Similarly Rockies Jonathan Lucroy Jersey , the property taxes are due and payable twice a year and may seem like a lot of waste of money. Typically, property taxes are $1.10$1,000 of your purchase price. However, the property taxes are also tax deductible and you get it back in the form of tax savings.
4. Appreciation Potential. Typically and historically, nationwide property values have gone up in value at 7% per year. In California and some other states, properties have, in certain good economic times, appreciated at the rate of over 20% per year. At 7% conservative rate Rockies Ian Desmond Jersey , the property doubles up in value in 10 years. So, a property worth $500,000 will be worth $1,000,000, equaling a gain of $50,000 on a yearly basis. For an average person, it is difficult to save that kind of money.
5. Deferred Capital Gain Treatment. Real estate investment capital gains can be deferred by exchanging the property for like-kind property. So Rockies Charlie Blackmon Jersey , when the property appreciates and you decide to .cheapnfljerseyswholesaleonline.com/]Cheap Vintage NFL Jerseys[/url] |
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