Here are 6 excellent reasons to by a home instead of renting one:
Tax deductibility of the mortgage interest. You cannot deduct your rent payments BUT you CAN deduct the interest on your mortgage!
Tax deductibility of property taxes. Many home owners fail to deduct their property taxes paid on their home when filing their taxes.
Appreciation potential. In a healthy market, home and land prices generally increase faster than the cost of living. Rent payment money goes to the landlord. That's it.
No taxable capital gains for single home owners up to $250,000. and for married couples, $500,000.
Your money is working for you in a home investment. Interest rates are low and home loan payments are affordable. Paying rent makes a landlord wealthy.
Pride of OWNERSHIP! Homes that are owned look nicer and are kept in better condition.
A real estate agent will find you a house to rent, but a great REALTOR® will know your needs, understand your financial situation and will identify and communicate ALL options that will work with your best interests in mind.
Craig Dellio - REALTOR® Rogers Healy and Associates
Amy Hunniford is here to earn your business! My passion for real estate, my vast market knowledge and providing real estate solutions are a benefit not for only for my local clients, but also for those new to the Dallas community. With over 14 years of real estate experience I understand the emotional and financial investment that goes into buying or selling your home. Keeping up with latest sales, market trends and forecasts, I provide knowledge so my clients can make the best decisions. My goal is to provide exceptional customer service and facilitate the process so it is a rewarding and smooth process for my clients and builders. I PRIDE myself in being your advocate & the best agent I can be for my clients!
I possess an extensive knowledge of the markets in East Dallas and the surrounding areas, including Park Cities, Lakewood and along the Katy Trail corridor.