Why Buying a Home is Still a Great Investment
Posted by Richard Soto on
Although the real estate market has experienced its share of difficulties and struggles over the past, three years, it is still important to realize that owning a Dominion propertystill continues to be a smart investment. Here are the top reasons why buying a home is still a great investment:
- You pay less income tax – Because your home payments go directly to your lender for your mortgage (instead of to your landlord for rent payments), you can save thousands of dollars in income tax each year. This is because homeowners can deduct the interest of their mortgage payments, as well as their property taxes, when they file their federal income tax return each year. In addition to a single-family home, consider that purchasing a condo or even a mobile home…
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