Owning your home means you can do whatever you want(as long as it’s legal). No landlords, no rents, just an investment for the future.
Real Estate moves in cycles. Sometimes up and sometimes down, but over the years real estate consistently appreciates.
Capital Gain Exclusion
Once you live in your house for two of the past 5 years, you can exclude $250,000(single) or $500,000(married) of profit from capital gains. You don’t have to buy a replacement home or move up. No age restrictions.
Preferential Tax Treatments
Property taxes paid on a 1st home and a vacation home are fully deductible for income tax purposes.
For more information on benefits of homeownership, click here.