Though the home rental industry is growing, owning a home is still a major goal and achievement for the majority of Americans. Beyond an eye-catching car or designer clothes, a home is the single most powerful way to define your lifestyle and settle into a place that is all your own. In addition to the obvious benefits of homeownership, the following four perks shouldn’t ignored.
Taxes are a headache, but owning a home can at least make them a more rewarding headache. The government currently rewards homeowners in the form of homeowner tax deductions. You can deduct the interest paid on your mortgage and your other home-related expenses from your income in order to pay less taxes. There are other possibilities for tax deductions that only become available through homeownership, like installing solar panels on your roof. Read more