Why Owning a Home is a Game-Changer

June is National Homeownership Month, and I wanted to share why owning a home is such a game-changer. Whether you already have a place or are just starting to dream about it, there’s a lot to love about homeownership.
Why Owning a Home is Awesome
Owning a home isn’t just about having your own space (though that’s pretty sweet). It’s also a fantastic way to build wealth over time. Here’s the scoop:
  1. Building Equity: Every mortgage payment is like a little investment in your future. Unlike rent, which you never see again, mortgage payments build up equity—real value you can use down the road.
  2. Appreciation: Homes tend to go up in value over time, usually around 3-5% per year on average. 📈 And while there are ups and downs, the long-term trend is upward.
  3. Tax Perks: There are some nice tax benefits too, like deductions on mortgage interest and property taxes, which can save you some cash.
  4.  
Wild Rides in Home Values
That average appreciation of 3-5% per year is great, but sometimes things get crazy. For example, the pandemic caused a huge demand for homes in the Tahoe Basin, and home values jumped by up to 40% in 2021 compared to the year before. NUTS! 🤯
 
Thinking About Buying?
If you’re thinking about buying a home, now’s a great time to start planning. Chat with a financial advisor, get pre-approved for a mortgage, and start checking out neighborhoods you like. Homeownership is a journey, and every step is exciting.
 
Cheers to the coming month of June and National Homeownership Month! 🎉🏡
Here’s to building wealth, stability, and a place to call your own.

Sign Up for My Newsletter