The pros and cons of owning a home versus renting a home is a hot topic for a reason. For most people, buying a home is often the largest purchase they’ll ever make. Afterall, it is a huge component of the “American Dream”. But, do you actually know the benefits of owning a home? We’ll break some of them down for you below. 

4 Benefits of Homeownership

1. It’s yours! Unlike renting, you can do whatever you want with your home. You have the freedom to make updates, express yourself and truly turn a house into your home. Plus, any renovations or improvements you make can increase the property value. 
2. Owning a home is an investment. When you buy a home, you’re buying an asset that will appreciate in value over time. This is a great way to establish a solid financial foundation, as the financial benefits can be significant. Contrarily, when you rent, you’re paying a landlord each month, who then uses your money to reap the benefits of home ownership.
3. You receive tax benefits. Homeowners can deduct mortgage interest and property taxes when they file tax returns each year. This can add up quickly. 
4. You have predictable monthly payments. If you choose to get a fixed-rate mortgage on your home, your mortgage payment won’t ever change. Rent prices can unpredictably rise every year. 

Ready to Buy a Home in Central Iowa?

Our real estate team’s comprehensive knowledge of the local real estate market, combined with a personal understanding of what you want in a new home, helps ensure a great experience. We are also extremely knowledgeable in land acquisition. Whether you are looking for an acreage or hunting/farming land, we can guide you through the process. Contact the Knickerbocker Real Estate Team today!