The decision to buy a house is a choice to invest in your future. Not only does it provide you a safe, comfortable place to live and raise a family, the four walls and a foundation you choose to make your home can provide a solid financial foundation for you to build your dreams upon. When it comes to home ownership, we've compiled five of the most important benefits of buying a home.
1. A home typically appreciates in value
Real estate prices increase over time. Sometimes the increase is slow, sometimes it's more rapid. This evens out over the long-term and the value of a home 5, 10, 20 years from now is almost certain to be worth more than it is when you purchase it. When you go to sell your home, chances are you won't have to pay capital gains on the sale which means that your home is as good as money in the bank. In fact, all those years of mortgage payments will go right back into your pocket and not be filtered away into the pockets of your landlord.