Benefits of Homeownership

There are many benefits to homeownership Here are the top five:

1. Savings: Owning a home is like investing in an automatic savings account. You accumulate savings in two ways. Every month, a portion of your monthly mortgage payment goes to the principal, reducing the overall loan amount. Each year, a percentage of your mortgage payment goes to paying down the principal. Second, your home appreciates over time, making it one of the best financial investments and increasing your household wealth.

2. Tax Breaks: Owning a home can unlock some of the biggest potential tax breaks most people have access to. The interest paid on a home loan is typically the largest potential deduction for middle-class Americans.

3. Equity: Buying a home is the largest investment most families will ever make and homeownership is the largest creator of wealth for Americans. It allows families to build financial security as the equity in their home increases. On a national level, home appreciation has historically risen 5-6 percent annually. When you pay a landlord, its money down the drain. When you pay a mortgage, your money is going towards something you own and is over time producing equity.

4. Price Stability: Las Vegas is a city where rent-controlled apartments do not exist. What this means is that each lease renewal could mean an increase in your rent. Owning a home provides price stability. While a rent payment can change substantially from year-to-year, you will have the same monthly payment for 30 years under a fixed-rate mortgage. Even if you get an adjustable rate mortgage, your payment will stay within a certain range for the entire life of the mortgage.

5. Security: When you own, it’s yours. And it remains yours for a lifetime if you choose. You also live in a neighborhood with other homeowners, meaning more time to build relationships and friendships. Recent studies have also shown that homeowners rank themselves as healthier than their renter counterparts.

The Las Vegas Housing Market is hot right now! It’s a great time to buy. Don’t hesitate and start building equity today!

Reasons to Buy – Price Stability and Building Equity

Are you unsure about whether or not now is the best time to purchase a new home? Have you been “playing it safe” in regards to making a decision?

The best way to “play it safe” when it comes to buying a home is to actually buy a new home. And here’s why:

Studies show that owning a home is the best way to build household wealth. The sooner a person owns a home, the faster they begin to build up equity and wealth. When you buy a home, you are also purchasing price stability, knowing that you will pay the same monthly payment for the life of your 30-year fixed-rate mortgage.

Building equity, price stability, buying from a homebuilder who holds the reputation for the Best Built Homes in America, how much safer can you play it?

Let us help you find the new home of your dreams. Visit our website www.AmericanWestHomes.com for more information on all our new home designs and communities.

 

Top 5 Reasons to Buy a Home in 2012

I came across a great article today stating the Top 5 Reasons to Buy a Home in 2012. The article listed the reasons as follows:

  • Appreciation
  • Property Tax Deductions
  • Preferential Tax Treatment
  • Equity Building
  • Pride

To read the entire article, visit http://www.quickenloans.com/blog/top-5-reasons-buy-home-2012 . It is well worth the read.

We would love to help make your dream of a new home come true in 2012. Please contact us if you have any questions or need any additional information. As always, information on our homes can be found on our website at http://www.americanwesthomes.com/

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