Advantages of Homeownership

Home ownership is a big investment, maybe the largest you'll ever make. But over time, it's an investment that pays for itself many times over. Here's how:

Tax Advantages

Mortgage interest is tax deductible
Real estate taxes are tax deductible
Local tax benefits are available in many area
You can enjoy tax-free gains up to $500,000 from the sale of a primary residence that you have occupied for two of the last five years if you are married and filing jointly. If you are single or married and filing separately, you can enjoy tax-free gains up to $250,000. Moreover, you can use the exclusion as often as you meet the qualifications.

Investment Benefits

You build equity over time, which you take out in cash when you sell your home
The profits from home investment are often greater than from many other investments
Because you can borrow against it in most states, home equity can be a source of emergency funding
Land appreciation adds to the value of your home
For many, home ownership is an important part of retirement planning

Personal Satisfaction

You gain more living space.
You enjoy the satisfaction and pride of home ownership.
Home ownership, for many people, is a sign of independence and achievement.

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