Top 5 financial reasons why you should buy a lakeland fl home for sale
Upcoming SlideShare
Loading in...5
×
 

Like this? Share it with your network

Share

Top 5 financial reasons why you should buy a lakeland fl home for sale

on

  • 80 views

Here are the top 5 financial reasons to buy a Lakeland Fl home for sale, according to the Harvard University’s Joint Center of Housing Studies

Here are the top 5 financial reasons to buy a Lakeland Fl home for sale, according to the Harvard University’s Joint Center of Housing Studies

Statistics

Views

Total Views
80
Views on SlideShare
80
Embed Views
0

Actions

Likes
0
Downloads
0
Comments
0

0 Embeds 0

No embeds

Accessibility

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Top 5 financial reasons why you should buy a lakeland fl home for sale Presentation Transcript

  • 1. Top 5 Financial Reasons Why You Should Buy A Lakeland Fl Home For Sale Authored by: Petra Norris
  • 2. Top 5 Financial Reasons Why You Should Buy A Lakeland Fl Home For Sale Here are the top 5 financial reasons to buy a Lakeland Fl home for sale, according to the Harvard University’s Joint Center of Housing Studies: 1. You pay mortgage whether you rent or own a home. Homeowners pay a monthly mortgage that goes towards their own principal while renter pay rent which goes to their landlord’s principal.
  • 3. Top 5 Financial Reasons Why You Should Buy A Lakeland Fl Home For Sale 2. Homeowners save on tax benefits. When you buy a Lakeland Fl home for sale, you can deduct the mortgage interest and property taxes from your income, making your tax smaller. Aside from this, when you decide to put up your Lakeland Fl home for sale, capital gains up to $250,000 are not included in your income for single homeowners and up to $500,000 for married homeowners.
  • 4. Top 5 Financial Reasons Why You Should Buy A Lakeland Fl Home For Sale 3. Homeownership is a form of savings. Many people find it a challenge to save. Buying a Lakeland Fl home for sale where you have to pay the monthly mortgage is like a “forced savings” since you will need to find a way to pay your mortgage every month instead of deferring your savings for later. 4. Owning a home is a protection from inflation. The trend for housing and rental prices will always go up or higher than the inflation rate. Therefore, owning a home is always a better choice to guard against inflation, especially if you are on 30-year fixed rate loan.
  • 5. Top 5 Financial Reasons Why You Should Buy A Lakeland Fl Home For Sale 5. Housing is usually the only leveraged investment available. Few people are interested in borrowing money for other investments like stocks and bonds and it is very rare for banks to lend money for this purpose. Therefore,buying a Lakeland FL home allows the homeowner to amplify the appreciation on the value of their Lakeland Fl homes by a leverage factor. Even if you put a downpayment of 20%, it will give you a leverage factor of 5 so that every percentage point rise in the home value means a return on the homeowner’s equity of 5%. Buyers putting 10% down or less, the leverage factor is 10 or more. For many Americans, homeownership will always be a part of their dream for social and emotional reasons. But buying a Lakeland Fl home for sale is also a sound financial decision for the reasons mentioned above.
  • 6. Petra Norris Realtor® Lakeland FL Homes for Sale CDV TransAtlantic, Inc. PO Box 92050, Lakeland, FL, 33804-2050 Office Phone: (863) 619-6918 Cell Phone: (863) 712-4207