Benefits of Homeownership

Ownership

  • 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.

Appreciation

  • 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

  • Tax advantages
  • 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.

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