Tax benefits.
By owning a home in Arlington, you will be able to enjoy the U.S. Tax Code that lets you deduct the interest you pay on your mortgage. You will also get a reduction on your property taxes and some of the costs involved in buying a home Arlington.
Appreciation of home value in Arlington.
It is a historically proven fact that real estate in Arlinton, has had a long-term, stable growth in value. In fact, the National Association of REALTORS® has established that the sales value of median single-family existing-homes has increased on an average of 5.2 percent each year from 1972 through 2014 . Even with the recent housing crisis, the value of homes in Arlington has still increased in value of up to 7.0 percent on a cumulative basis in the recent 10 years. Also, with the rising number of households in the U.S, the demand for housing in Arlington is expected to rise to about 10 to 15 percent over the next decade.
Equity for a home in Arlington.
By owning a home, you will no longer have to give away your hard earned money through rent payment. Instead, you will be able to build your equity ownership interest in your Arlington home through mortgage payments.
It allows you to Save
Building equity in your Arlington home is a ready-made savings plan. If for some reason you decide to sell your Arlington home, you can generally take up to $250,000 ($500,000 for a married couple) as profit without owing any federal income tax.
Payments are Predictable
Your landlord can wake up one day and decide to increase your rent. But, your Arlington home fixed-rate mortgage payments don’t rise over the years. This means that your housing costs in Arlinton may actually decline as you own the home longer. However, remember that property taxes and insurance costs will likely increase.
Freedom to Decorate and Upgrade your home in Arlington.
The home is yours. You are free to decorate any way you like and instal the latest types of upgrades and amenities that suit your lifestyle.
Stability for your Family
Staying in the same neighborhood for several years allows you and your family time to build long-lasting relationships within the community. You children are also able to benefit from educational and social continuity.
