There are many advantages to homeownership:

 A sound investment – When you carefully choose a home you can afford, the payoff can be great. As a homeowner, instead of paying rent to a landlord, each month when you make your mortgage payment, you are building equity in a place of your own. The more mortgage payments you make, the more equity you’ll have. And unlike most things you buy, a home can actually appreciate in value as time passes, building more equity.

• Tax advantages – The mortgage interest and real estate taxes you pay are tax deductible which can reduce your tax bill.
• Real estate is marketable.
• You can make your own decisions about design and décor.
• You can invest in upgrades that will not only bring you pleasure but can also add to the value of the property over time.
• You have control over the piece of property. You are not answering to a landlord.