Benefits Of Home Ownership
Plain and simple, owning a home can improve your quality of life, provide stability and give you a sense of control you just can't get from renting. You have a place to live when you rent, but buying is something much deeper – and better.
The intangibles are tough to measure, but there are other benefits you can quantify:
Financial investment:
Your monthly mortgage payment creates equity for you, not your landlord.
The interest on your mortgage is a tax deduction:
While this isn't a reason in itself to buy a home, it's nice to get a break at tax time.
Fixed monthly housing payment:
If you opt for a fixed-rate mortgage, the monthly rate of your mortgage won't change for the length of the term.
Tax-free gain:
When it's time to sell your home, you don’t pay taxes on the proceeds of the sale that are above what you paid (with some restrictions – see information on capital gains).
TIP:
Look for a house you can stay in long-term; one that will “grow” with your family and needs. The financial benefits of owning increase over time.Look for an agent who understands your lifestyle. Make sure the agent knows the neighborhoods you're interested in, and can answer questions you'll have about the location.
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Local Expert Updates
Liz Sandy
Cell: 712.330.1386
Greg Sheeler
Cell: 712.330.1573
Brooke Jones
Cell: 641.420.2172Community Updates
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Katy Lynn Boutique
Katy Lynn Boutique is a fabulous women's clothing store offering a wide variety of clothing, shoes, jewelry and more. Excellent customer service with all hands-on-deck in helping you find that special outfit. You can also place clothing orders online. A fun clothing store that is sure to impress!
Solma's Punkin Patch
Solsma's Punkin Patch began in 1999 as a way to make a little money for the Solsma kids' college education and it has continue to grow and evolve. Fireworks sales from June 1 to July 8 and in December. Pumpkin sales from Labor Day to Halloween. Fall produce of all kinds, country store, corn maze (weather permitting). Ruby Red Popcorn and Drug Free Beef available year around. Call or stop by the the store in the off season. Located 4 miles east of Sanborn, Iowa on Hwy 18. www.solsma.com 712-729-3174