8 reasons to buy a home

1.)  Tax deductions . The IRS lets you deduct the interest you pay on your mortgage and property taxes you pay eachyear on your home.  If you pay points you will be able to deduct some of that cost also when buying your home.

2.)  Gains . Home gain value.  Usually they are a good investment. Not the highest rate of return but a solid investment.. And while there's no guarantee of appreciation, a 2001 study by the NATIONAL ASSOCIATION OF REALTORS found that a typical homeowner has approximately $50,000 of unrealized gain in a home.

3.)  Space.  The amount of space you have is usually much bigger.  The square footage of a home is usually much bigger than a rental.  Plus you have parking space, storage space that is larger too.

4.)  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.

5.)  Predictability . If you have a fixed rate your mortgage payments don't go up over the years so your housing costs may actually decline as you own the home longer.  Rent will always go up over the years.  However, keep in mind that property taxes and insurance costs will rise.

6.)  Savings . Building equity in your home is a forced 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.

7.)  Freedom . The home is yours. You can decorate any way you want.  You usually do not have to abide by any rules.  You can make changes to the house and change the outside of it.  You  can have as many people living in it with out getting permission from the apartment manager.. 

8.)  Equity . Money paid for rent is money that you are throwing out, but mortgage payments let you build equity ownership interest in your home.

So if you are thinking of buying a Wayne County home, Oakland County home, or a Livingston county home think of the freedom, the space.  You could be calling a house your "own" Michigan home.  good luck on house hunting.
                                                                                         Russ Ravary

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Plymouth Estates Subdivision Plymouth Michigan

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Waterford HUD Homes

$415,000

33870 Cotswold Street

Farmington Hills, MI

Beds: 3 • Baths: 1 full/1 partial

$510,000

23460 Coventry Woods Lane

Southfield, MI

Beds: 4 • Baths: 2 full/1 partial

$1,850.00

3480 TREMONTE Circle N

Oakland Township, MI

Beds: 2 • Baths: 2 full

$499,900

688 Wolverine Drive

Wolverine Lake Vlg, MI

Beds: 2 • Baths: 3 full

$244,900

0000 Burgess Drive

White Lake Township, MI

Beds: 0 • Baths: 0