Here are 6 excellent reasons to by a home instead of renting one:
Tax deductibility of the mortgage interest. You cannot deduct your rent payments BUT you CAN deduct the interest on your mortgage!
Tax deductibility of property taxes. Many home owners fail to deduct their property taxes paid on their home when filing their taxes.
Appreciation potential. In a healthy market, home and land prices generally increase faster than the cost of living. Rent payment money goes to the landlord. That's it.
No taxable capital gains for single home owners up to $250,000. and for married couples, $500,000.
Your money is working for you in a home investment. Interest rates are low and home loan payments are affordable. Paying rent makes a landlord wealthy.
Pride of OWNERSHIP! Homes that are owned look nicer and are kept in better condition.
A real estate agent will find you a house to rent, but a great REALTOR® will know your needs, understand your financial situation and will identify and communicate ALL options that will work with your best interests in mind.
Craig Dellio - REALTOR® Rogers Healy and Associates
Whether you are looking to buy or sell, you need a REALTOR® who is willing to earn your business and work hard to get you the best deal possible! Amanda has been in the real estate business full time since 2008, obtaining her license as a result of growing up watching her mother's flourishing real estate career, and observing how she always enjoyed the opportunity to help people in ways that she never could have imagined. Amanda understands the bittersweet nature of selling your personal home, moving your whole world, and the sometimes frustrating, but always rewarding process of purchasing a new one!
As a native Texan who grew up in the McKinney/Allen area, Amanda is very familiar with, and involved in the community, through volunteer work and town involvement. She is a mom of two boys, 8 and 3, and they keep her pretty busy during her down time with sports, friends, and random boy activities like leaving legos all over the house, making mud castles, and daily WWF matches in the living room.
It is not uncommon for Amanda to find herself working late into the night returning calls and emails, only to rise early the next morning in order to assure that her clients' questions are answered promptly and efficiently. She prides herself on keeping an open line of communication with her clients throughout the entire process, be it buying or selling, and also on offering invaluable advice and information at a moment's notice.
If you're looking for a REALTOR® who can think outside of the box and isn't afraid to go the distance for you, whether you're leasing an apartment, buying your first home, or selling your family estate, Amanda can help you with all of your real estate needs.