Home ownership is a major part of the American Dream. At Ask a Walker, we work hard to help you realize that dream. Your Northern Virginia Real Estate agent, Abraham Walker, is here to discuss the four major benefits of homeownership.
Tax Deductions Add Up
Owning your home can benefit you when it comes to tax deductions and refunds. Year over year these tax deductions add up to huge savings. You can also earn more tax deductions by adding green features to your home. Please consult with your local tax advisor to determine your potential tax deduction.
Forced Savings Account
When you own your home, part of your mortgage payment pays the bank for the interest, the cost of taking out the loan. The rest of the payment pays down your mortgage balance, building equity in your home. At the end of a 30-year period of paying a mortgage, you have an asset in your home. You can sell it, and the sales price, sans closings costs and real estate commission, belongs to you.
Control Your Housing Costs
Another benefit to owning your home is controlling your monthly payments. When you own your home, your mortgage payment is locked in at the rate agreed upon when you closed with a fixed-rate mortgage. You can choose to pay more each month to reduce your principle or pay it off early.
Control Your Space
The last benefit to owning you home is a big one, control over your Now you can tackle those DIY projects without returning the property to its original condition. Whether you want to knock out a wall to open the space or build on another room, all that’s required is obtaining the right permits and hiring the right professionals.
So when you’re ready to make take the next step in becoming a homeowner, call Abraham Walker, your Alexandria, VA Realtor! (703)539-2053 or by email Abraham (at) AskAWalker (dot) com.
About the Author: The above article was written by Abraham Walker, Your Northern Virginia Real Estate Agent, helping clients market their homes to achieve high sales with a quick closing time is my main priority.
He’s the co-founder of Ask A Walker and can be found on YouTube, Facebook, and HERE on this blog.
Abraham can be reached via email at [email protected] or by phone at (703)539-2053.
He’s happy to answer all your real estate questions.
Thinking of selling your home? Check out 20+ step process to selling your home. Or contact me now to start the home selling process. Same day appointments are available on a case by case basis.
I help people sell and buy real estate in the following Northern Virginia area cities & neighborhoods: Kingstowne, Island Creek, Cameron Station, Overlook, Alexandria, Old Town, Belle Haven, Fort Hunt, Mount Vernon, Springfield, West Springfield, Burke, Lorton, Woodbridge, Lake Ridge, Manassas, Annandale, Fairfax, Arlington, McLean, Reston, Herndon and of course Vienna.