Deciding to Buy

At Flat Fee Redefined, we know that buying a home is the single most important purchase decision of your life. After all, the expression “Home is where the heart is” exists for a reason! You have to live somewhere, so why not OWN the roof over your head? After all, real estate is the most secure investment you can buy! Not only is it a tangible asset, historically property values increase over time. Renters are simply paying their landlord’s mortgage, but when you own your home, each mortgage payment pays down your debt and gains you equity…and at the end of the road you’ll own an asset outright that can be worth hundreds of thousands of dollars!

Also, home ownership has many positive tax implications. Among those are deductions for the property taxes you pay on the home, deductions for mortgage interest, and capital gain exclusion for the sale of a principal residence. One unexpected benefit is that home ownership can result in health benefits! A 2019 survey conducted by Habitat for Humanity found that 74% of homeowners saw an increase in their families’ health. This is likely based on the idea that a neighborhood of homeowners is safer because of owners taking pride and investing in their home and community. Also, this may be because renters have to wait on landlords to address concerns like mold, plumbing, or HVAC issues, while as a homeowner you can address these concerns immediately and make your environment as healthy and safe as possible.

The pros of homeownership extend well beyond just these, give us a call and we’ll tell you more and help you make the American Dream of homeownership a reality!