Benefits Of Home Ownership
Plain and simple, owning a home can improve your quality of life, provide stability and give you a sense of control you just can't get from renting. You have a place to live when you rent, but buying is something much deeper – and better.
The intangibles are tough to measure, but there are other benefits you can quantify:
Financial investment:
Your monthly mortgage payment creates equity for you, not your landlord.
The interest on your mortgage is a tax deduction:
While this isn't a reason in itself to buy a home, it's nice to get a break at tax time.
Fixed monthly housing payment:
If you opt for a fixed-rate mortgage, the monthly rate of your mortgage won't change for the length of the term.
Tax-free gain:
When it's time to sell your home, you don’t pay taxes on the proceeds of the sale that are above what you paid (with some restrictions – see information on capital gains).
TIP:
Look for a house you can stay in long-term; one that will “grow” with your family and needs. The financial benefits of owning increase over time.Look for an agent who understands your lifestyle. Make sure the agent knows the neighborhoods you're interested in, and can answer questions you'll have about the location.
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Local Expert Updates
Matt Rogers
Cell: 712.330.0604
Brooke Johnson
Cell: 641.420.2172
Janie Gilmore
Cell: 712.339.0574
Greg Harvey
Cell: 712.330.1573Community Updates
Father Daughter Dance:
An annual event hosted by the Cherish Center to promote the importance of the Father Daughter relationship. 2017 event date is Saturday February 25th from 5-10pm at the Boji Bay Funhouse and Pavilion in Milford. $35/Family. Tickets available at the door.
Jonathan Blake Interiors
I have had the privilege to get know Kristi Leigh over the last few years and her eye for design is second to none. JB Interiors founded in 2002, offers specialized interior design for both residential and commercial clients. Her office located in the heart of Okoboji displays a small fraction of her talent and ideas. Showcasing unique furniture, wall decor, rugs, lighting, and many interior design accessories. Kristi takes the overwhelming and challenging aspect of interior design and creates a space exactly as you have envisioned. Take a moment out of your day to stop by the studio, or check out her design and the new Okoboji Commons Hotel.
The Last Touch / Benjamin Moore Paint Store
If you're looking for great interior or exterior paint check out The Last Touch Benjamin Moore Paint Store at 2230 33rd Street, Suite 1, in Spirit Lake. They have a great selection of authentic colors and have been ranked highest in interior paint by JD Power and Associates for several years running. The staff is extremely knowledgeable and always ready to help whether it's with a free estimate or a color consultation. They also offer cleaning services for new construction, remodels, top-down or general cleaning plus janitorial services. You can reach them at 712-336-4475 or visit their website at www.lasttouchllc.com. When you're ready for your next project give The Last Touch a try! You won't be disappointed!
