It’s been said many times over “buying a home is the best investment one can make.” This adage still remains as relevant today as ever. Here are the reasons why...

It’s a buyer’s market – With record low interest rates, home affordability is at an all time high.  

Home ownership builds personal wealth – The ability to build home equity is one the most valuable aspects of home ownership.   Each mortgage payment made brings the buyer closer to outright home ownership.  Land appreciation and home improvements can increase the value of the home, while also helping to build equity.   

Beneficial tax breaks – While home ownership requires the payment of property taxes and interest on your mortgage, these expenses are usually tax deductible.  Borrowing against a home’s equity may provide a tax break, too.  Home equity loans of up to $100,000 are usually tax deductible. 

Preferential credit options – Once home equity is built, owners can benefit from a new avenue of borrowing through home equity loans and lines of credit, and cash-out refinancing.  Home equity loans – loans that are leveraged against the value of the house – are usually offered at a lower interest rate than conventional loans because, with the house as collateral, they represent a lower risk to the lender. 

For many, the ownership cost of a Riverside Place Condominium is comparable to rent.

For More Information on Rent-To-Own Programs Please Contact:
Riverside Place Condominiums
Steven D. Arendt
Owner/Broker
RE/MAX Select Realtors
920-621-5072
or e-mail info@riverside-place.com