8 Benefits of buying a Home Now!
1. It’s a Good Investment securing a loan at today’s low APR rates
2. Ownership Gets Easier with Time
3. Reap The Tax Breaks?
4. Higher Credit Scores
5. Freedom To make It Your Own
6. The landlord can't decide at any time to raise the rent or not renew the lease
?7. Health Benefits
Owning a home can help improve your mental and physical health. You’ll have more space to soak up that Vitamin D from all the sunshine and improve your mood, which will benefit your mental health.
You can also make new friends. Improved community engagement is a great way to boost your mental health. Finally, there are higher educational attainments for homeowner’s children.
8.Capital Gains Exclusion
Eventually, you will sell your home. When you do, the law allows you to keep the profits and pay no capital gains taxes. The Internal Revenue Service (IRS) allows a tax-free profit of as much as $250,000 for single homeowners and $500,000 for married couples—for your main residence.