6 Reasons to Own Your Own Home

Autonomy: Unlike a rental property, a home you own is yours to do what you want with. You can decorate it as you please and you’re free to move out whenever you feel like it.
Appreciation: Real estate values tend to increase over the long term. Real estate has historically been one of the more stable investment opportunities available. And in many cases, when you sell, you do not need to pay capital gains tax on appreciation that you realize in your home.
Equity: When you pay rent on an apartment or other rental property, you do not normally gain any ownership interest in that property. Conversely, with a home loan, you are paying down your debt over time and adding to your equity stake.
Predictability of payments: Unlike rent, mortgage loan payments often stay the same over time – meaning that your payments are predictable.
Stability: Remaining in one neighborhood for several years gives you the chance to establish roots. You and your family can make friends, attend schools and join in community activities with the peace of mind that you own your own home.
Tax deductions: The IRS normally allows you to deduct certain home-related items – such as interest payments, property taxes and certain closing costs.

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