Benefits of buying your own home

Buying a home is an excellent investment and probably the largest one that most people make. The home is the home-owner’s pride. It is the best investment because, as a fairly general rule, homes appreciate at an average of about five percent a year. It also depends on the county or state where you plan to buy a property. And if you cannot pay the entire purchase value of the home in full, you could always mortgage. And if you mortgage, the rate of return on investment will virtually be higher since you paid less at first.

All of the interest and property taxes you pay in a given year can be deducted from your gross income to reduce your taxable income. Property taxes are deductible, too. Whatever property taxes you pay in a given year may also be deducted from your gross income, lowering your tax obligation. When you rent a place to live, you can certainly expect your rent to increase each year. Whereas, if you get a fixed rate mortgage when you buy a home, you have the same monthly payment amount for thirty years. When you rent, you are normally limited on what you can do to improve your home. You have to get permission to make certain types of improvements. That is not the case in your own home.

You have to make sure that you buy the right house. The right real estate agent is of immense help. For example, if you want to buy a home anywhere in the Santa Clara County in California, you can contact Dale Warfel of Keller Williams Realty. Dale specializes in homes for sale in Silicon Valley, properties for sale in Willowglen and houses for sale in Almaden Valley and its communities. So if you are looking for homes for sale in Los Gatos or homes for sale in Monte Sereno or homes for sale in Campbell or anywhere else in Silicon Valley, Dale Warfel is the right man to approach.