☞ Financial Independence
Principal and interest paid remain the same for the full term of a mortgage while rent tends to go up as the cost of living increases.
☞ Tax Advantage
Real estate taxes and mortgage interest are deductible on your income tax.
☞ Personal Satisfaction
Home ownership presents many advantages that make life more enjoyable (for example, family gatherings for dinner, outdoor barbecues).
Home ownership means you are acquiring a major possession rather than renting. Each home improvement you make not only enhances your way of life, but also the value of your home.
☞ Cash Equity
A home can appreciate at the same rate as inflation.
The feeling that your home is safeguarded against inflation.