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7 Reasons to Own a Home

A quick run down of just 7 of the MANY reasons to own a home.

7 Reasons to Own A Home

  1. Tax benefits. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, and some of the costs involved in buying a home.
  2. Appreciation. Historically, real estate has had a long-term, stable growth in value. In fact, median single-family existing-home sale prices have increased on average 5.2 percent each year from 1972 through 2014, according to the National Association of REALTORS®.  The recent housing crisis has caused some to question the long-term value of real estate, but even in the most recent 10 years, which included quite a few very bad years for housing, values are still up 7.0 percent on a cumulative basis. In addition, the number of U.S. households is expected to rise 10 to15 percent over the next decade, creating continued high demand for housing.
  3. Equity. Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home.
  4. Savings. Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.
  5. Predictability. Unlike rent, your fixed-rate 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 likely increase.
  6. Freedom. The home is yours. You can decorate any way you want and choose the types of upgrades and new amenities that appeal to your lifestyle.
  7. Stability. Remaining in one neighborhood for several years allows you and your family time to build long-lasting relationships within the community. It also offers children the benefit of educational and social continuity.

Posted on April 24, 2018

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    🌟 "Ann went above and beyond in her responses and communication." Thank you so much Tracy for trusting the Story House team to help sell your home!

👏 Big shoutout to Ann for all her hard work! Communication is key, and Ann and the entire listing team strive to keep you up to date through frequent updates and constant communication. 

Let our team give you the attention YOU deserve by being by your side every step of the way. Give us a call if we can help sell your home (434) 260-1435 📲.

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    Your daily reminder to enter our teacher giveaway if you haven't already! Check out the video above to see some of the items that you or your favorite teacher could win in our 2022 Teacher Giveaway. 

Have you entered yet? Follow us, like this post, and tag a teacher you know in the comments below! 

p.s. Turn your volume up to rock out with us! 🔊 🎸🤘 

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    Happy weekend everyone! As we make plans to celebrate the end of the week, we're also taking a pause and reflecting on the events that occurred 5 years ago here in Charlottesville. Our hearts go out to the victims and the community as a whole as this anniversary serves as a reminder of the work we must do to heal the deep wounds of our community.

As we research, attend events, and reflect on the 2017 events, remember to take care of your mental health amid the painful memories as they arise. We will continue to care for one another as we work to heal, learn, and grow to make Charlottesville a safe place, for everyone. ❤️ 

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    Aug 11

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    JUST LISTED | FOUR NEW HOMES 🎈 

🏠 32 Out of Bounds Road, Palmyra, Virginia 22963 | MLS #633544 | $400,000 | 🛏️ 3 bed 🛁  2 bath | 🎉 OPEN HOUSE Sunday, August 14th from 12 PM - 2 PM, hosted by Virgil!

🏠 12 Bunker Boulevard, Palmyra, Virginia 22963 | MLS #633545 | $350,000 | 🛏️ 3 bed 🛁  3 bath | 🎉 OPEN HOUSE Sunday, August 14th from 12 PM - 2 PM, hosted by Zoya!

🏠 127 Goldenrod Court, Charlottesville, Virginia 22902 | MLS #633524 | $550,000 | 🛏️ 4 bed 🛁  2 1/2 bath | 🎉 OPEN HOUSE Sunday, August 14th from 2 PM - 4 PM, hosted by Jess! 

🏠 1800 Jefferson Park Avenue, Unit #15, Charlottesville, Virginia 22903 | MLS #633521 | $225,000 | 🛏️ 2 bed 🛁  1 bath | 🎉 OPEN HOUSE Sunday, August 14th from 11 AM - 1 PM, hosted by Kristin!

📩 Email showings@storyhouseRE.com with questions! Showings begin by appointment on Friday, August 12th.

#justlisted #Charlottesvillerealestate #StoryHouseRealEstate #StoryHouseRE #startyournextstory #Charlottesville #startyourstorywithus #newlisting
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    Aug 11

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    🏡 Have you been considering homeownership but aren't sure whether or not you’re ready to start the journey? We've got you covered!

In our latest Sincerely, Story House 💌 blog, we provide you with 5 Signs You're Ready to Own a Home to help you determine whether or not homeownership may be the next best step for you!

Click the link in our bio to read more! 

#StoryHouseRE #StoryHouseRealEstate #MovingtoCharlottesville #CharlottesvilleRealtor #SincerelyStoryHouse #Charlottesville #localRealtor #SincerelyStoryHouseBlog
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    STORY HOUSE REAL ESTATE
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