Benefits of Home Ownership
There are a multitude of benefits in owning your home. Listed below are a few of the most important.
- Building equity.
- Saving for the future.
- Creating an environment for your family.
- Property taxes and mortgage interest payments are a tax deduction.
- Live in your house 2 years, the profit from a sale is tax free up to $250,000 for a single person and $500,000 for a married couple.