You are here : Home \\ First Time home buyers Bossier City \\ First time home buyers Bossier City

First time home buyers Bossier City

by Krohn Group on November 4, 2010
Written by:

First Time Home Buyers

If you are considering buying your first house this is a very exciting time for you. Buying a house is a big step   in anyone’s life. Being able to go look at several houses till you find the right house for you and your family can be a lot of fun. Along with the excitement and fun though comes a lot of questions, concerns, and probably even a little anxiety. You might not know much about Bossier City Real Estate, buying a house, how the home buying process works, or you might even be still be a little skeptical about if buying a house is really right for you.  In this article you will read about why buying a house is a smart choice.

Pride of Ownership

Pride of ownership is usually the number one reason why people want to buy a home. A sense of knowing the house is yours and you are free to decorate, garden, or renovate anyway you want to is a great feeling. You have a sense of stability and security of knowing that you do not have to answer to a land lord, who could give you a 30 day notice to move out at any given time. Not only do you own the house but you own the land it sits on. Investing and owning Bossier City Real Estate, is an investment for your future.

Equity

You can gain a considerable amount of equity as soon as you buy your home, and each monthly mortgage payment you make you are one month closer to owning your home. Also each payment helps you build equity on your home. Another way you could add to your equity is home improvements that increase the value of your home. When you are renting you are paying someone else’s mortgage and building equity for them. Another thing to remember is if the real estate property values rise in Bossier City then your equity will rise too.

Tax Breaks

Owning your own home does come along with having to pay some extra fees, such as property taxes and interest on your mortgage. However, both of these are tax-deductible. Bossier City real estate property taxes that are paid on your first home are fully deductible for income tax purposes. Another possible tax break you may be able to acquire is taking out a home equity loan against your home, maybe to pay your car loan off.

Possible Home Appreciation

When making a large purchase, such as a car, boat, or major electronics you are making a purchase towards something that decreases in value. Bossier City real estate increases in value over the years, especially if your house and property is well maintained. This means that when you are ready to move into another home you will more than likely be able to make a profit from your sale.

Those are just four major reasons why buying a house is a smart choice but there are still many more. You might still be thinking you are not sure you can afford to buy a new home or you are not sure your credit score is good enough to be able to get a loan. You probably still have questions about Bossier City’s real estate market and the process of buying a home.  Contact us we can refer some of the best Real Estate Agents and Mortgage Brokers in Bossier City.

What is homeowners insurance?

back to Real Estate Bossier


{ 7 comments… read them below or add one }

Greatwert November 6, 2010 at 7:47 pm

This is an amazing article with some much insight. Thank you for sharing. The importance of understanding what influences visitors is paramount to a successful online business…. and you have help others understand this important concept! Continue the excellent work!

Reply

Houston Klickman November 13, 2010 at 9:52 am

Hello to all, I can’t understand how to add your site in my rss reader. Help me please. Your blog looks good, have a good one.

Reply

Krohn Group November 13, 2010 at 3:46 pm

Houston I am not a web developer, that’s why I am having to use Wordpress, I only know how to do the rss reader part inside the back end of wordpress.

Reply

Naples Property Management December 3, 2010 at 5:44 pm

Hi there Houston Klickman, with regards to your question about rss reader, you can click the rss icon located on the right side of the address bar of mozilla browser. The site’s rss feed will automatically be added to your rss reader. But if it doesn’t work, you can try manually adding the adress or the website’s url to your rss reader.

Hope this helps. :-)

Reply

physiotherapist November 14, 2010 at 10:28 pm

Thanks for some quality points there. I am kind of new to online , so I printed this off to put in my file, any better way to go about keeping track of it then printing?

Reply

minority scholarship November 17, 2010 at 6:44 pm

Terrific work! This is the type of information that should be shared around the web. Shame on the search engines for not positioning this post higher!

Reply

Ron Tedwater November 18, 2010 at 1:12 am

Great work keep it coming

Reply

Leave a Comment

Next post: