Monday, August 18, 2008

Benefits to Owning a Home in St. Louis, Missouri

Freedom

The home is yours to do with what you want. Decorate it the way you want. Express yourself.

Savings

Each payment you make builds equity thus creating a savings account. When you're ready to sell up to $250,000 could be tax free. (Consult your financial professional)

Appreciation

Owning Real Estate offers long term stable growth in value.

Equity

Mortgage payments let you build equity ownership interest in your home

Tax Breaks

The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, as well as some of the costs involved in buying your home

Predictability

Unlike rent, your fixed-mortgage payments don’t rise over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will increase

Stability Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity

Considering a move to St. Louis, Mo? Contact The Helderle Team

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