Most people want to enjoy the feeling of having their own home. We are encouraged by our friends and family to uy our own home. This can be a very scary experience for first time buyers. Some would hesitate if this is the right decision. Fear is just normal for first time buyers. This things will help you replaced your fear by excitement. I will give you some reasons why you should not have that fear of buying your own home. Who might tell, after you learn some of these things you might consider looking at some of the homes for sale in south bay.
Pride is the first reason why you might want to consider buying a home. Because of pride, some people would like to have their own home. You can decorate and paint your own home in anyway you want. If you have your own home, like the homes in south bay, you can ensure your family of security and stability. It is in an important investment for the future.
Value appreciation is the next. To some a home is an investment and some see having a home as a security against inflation. As we all know the real estate market is unpredictable.
To shelter the tax rates one way is to have your own home. Owning your own home can deduct mortgage interest. The property taxes as well as the mortgage interest is deducted. For first time buyers, they might want to read the IRS publication 30, it has lots of information about valuable tax. What is deductible on your income tax is the property taxes paid for the first house. This is also applicable in South Bay California Houses .
Another is the exclusion of capital gains. If you have already lived in the house for two of the previous years you can exempt up to $250,000 for an individual. Although the age restrictions do not apply and the “over-55” also do not apply.
These are just some of the things that might help take the fear out of you in buying your own home. Hope that these things will open your eyes and will help you decide to finally buy your own home.
↧
Take The Fear Out Of Buying A New Home
↧