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Reasons to Buy a New Home |
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Many people have mixed feelings about purchasing a house. They worry about getting tied down and taking on a lot of debt. Here are the top reasons why anybody who can afford it should consider buying a home: House prices tend to rise over time A house is one of the best investments you can make. Home prices in the U.S. have risen three percent to six percent a year for the past 20 years. You'll pay less tax You can deduct the interest you pay on your mortgage from your taxable income. Interest rates are currently very low This makes it relatively inexpensive to take out a mortgage. Financial Stability You'll be able to use the equity in your home for low-cost loans for other purposes. Security of owning your own home No more worrying about dictatorial or negligent landlords or rent increases. Control Your Environment You'll be able to redecorate and renovate any way you like, any time you like. Put down roots in a community When you're a homeowner, you'll get to know your neighbors and participate in community events. You'll have a greater voice in community affairs Homeowners generally have more clout–individually and through ratepayer's associations – when it comes to development proposals, school and traffic issues.
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Last Updated ( Thursday, 18 October 2007 )
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