The most common type of home purchase is a freestanding single-family house on its own lot, though units in multi-family dwellings can also be purchased. Some advantages of home ownership include developing a sense of belonging and stability in the community, having independence to renovate and decorate as desired, and the potential for investment value as maintenance increases property value and the home can usually be sold for more than the purchase price. Additional advantages are building good credit through regular loan payments and receiving tax deductions for mortgage interest and property taxes. Initial costs for renters include application fees, potential credit check fees, and security deposits equal to one to two months rent.

2. Some buying information
 Most common type of purchase is a
freestanding, single family house set on its
own lot.
 Units in multi-family dwellings can be done
purchased.

3. Advantages Of Home
Ownership
 Feeling of belonging:
• Homeowners develop a sense of stability, community, and
are more likely to participate in local government.
 Independence:
• Can renovate and redecorate as you would like or need. This
can also add value.
 Investment Value:
• Money put in maintenance is not lost. Cash value is traded
for real estate. A homeowner can usually sell the house for
more than it was purchased.

4. Other Advantages of Owning a
Home
 Good Credit Record:
• Making regular monthly loan payments helps
one build good credit.
 Tax Advantages:
• Interest is tax deductible. It can be deducted
from the income amount used to figure taxes.
Property tax payments are also deductible.

5. Renter’s Initial Costs
 Application fee: A fee when filling out an
application. Helps ensure the renter is serious
about taking the unit.
 Credit check fee: The landlord may charge
this to renter. It’s the process of finding out if a
renter pays bills on time or has any large
outstanding debt.
 Security deposit: Covers the cost of any
future damage the renter might cause to the
unit. May be equal to 1-2 months rent.

6. THANK YOU