Don't Let Your Money Go Down the Drain By Renting!!!

                         ● Build Up Equity                                    ● Tax Deductions

                         ● A Place Of Your Own                          ● Scheduled Savings

                         ● Stable Housing Costs

This so important to share with you as the majority of us have all rented before we’ve ever Purchased Homes or Investment Property.

Example:​ Let’s say your rental payment is $600 a Month. Now times that by 12 to calculate the total amount you pay your Landlord each year with no return.

($600 × 12 = $7,200)

$7,200​ is the total dollar amount per year that you are paying your landlord for property you will never own. If you continue to rent, paying $600 a month for 3 years, you will have shelled out a total of $21,600. Up until you finally decide to move out, the only return you should expect from your landlord would be the Security Deposit if, and only if, you have left the unit without damages.

6 Reasons to Own Your Own Home

1. Interest, property taxes, & some of the cost from purchasing your home can be counted as deductions when filing your taxes.
2. Money paid in rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home.
3. Building equity in your home is a ready made savings plan. Should you decide to sell, you can generally make up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.
4. Unlike rent, your mortgage payments don’t go up over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes & insurance costs may rise.
5. With homeownership, you have the ability to paint and make upgrades that would normally not be allowed in a rental. You can literally make yourself at home and most upgrades can be made on many different budgets.
6. Remaining in one neighborhood for several years creates stability most people desire giving you a chance to participate in community activities, and lets you and your families establish lasting friendships.

The key is to “Let Your Money Work For You”​, instead of you always working for your money.

Source: From the Desk of MaryOne

If you are interested in buying, selling, building a home/commercial property or even a Real Estate Career & would like to become a Licensed Agent, here is your opportunity to be trained by MaryOne, Broker/Owner of Mary One Home Team Realty with her 24 Years of Real Estate Experience.

Call MaryOne @ (314)696-4912