June is National Homeownership Month

June is National Homeownership Month!

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What does the American Dream mean to you? For many people it means owning their own home. June is National Homeownership Month, a time for us to reflect on the joys and challenges of home ownership, and how it enhances our lives and communities.

6 benefits of homeownership

At its simplest, a home is a place to hang your hat and stow your stuff. However, it’s also an investment in your family and future, providing a secure, safe place that provides many benefits.

Tax deductions

  • Mortgage tax and property tax are usually fully deductible.
  • Many closing costs (for home purchases) are deductible as well.

Appreciation

  • A home is a safe, steady investment — if you take good care of it, its value increases while your debt decreases.
  • National median home price has risen every year since 1968, even in our current recession.

Equity

  • The portion of your home and property you actually own rises with every house payment.
  • You can’t build equity renting.
  • Getting your equity and appreciation up high enough can allow you to purchase a bigger and better home for your needs.

Borrowing power

  • Use the equity in your home to get a loan or line of credit, which can help you make home improvements, pay for college, and many other things.

Stability

  • Having a fixed-rate mortgage is easier than paying constantly-rising rent rates.
  • Owning your own home gives you a vested interest in preserving and growing your community.

Freedom

  • Party all night in your backyard or play Rachmaninoff as loud as you want.
  • Paint the walls aquamarine, hang pictures, and otherwise make your home yours. Plus there’s no landlord to fine you for scratched baseboards.

3 benefits of building a custom home

Designing and building a custom home gives you all these benefits plus three more:

  1. “Custom” is the name of the game — pick every material and fixture, from floor to ceiling. Showcases your personality and give every detail a personal touch.
  2. Working with a reliable home designer/builder means you know your home is designed and constructed well and of high-quality materials.
  3. New homes are often built in new developments or master-planned communities, which offer amenities like great locations, recreational facilities, walking trails, and more.

Make this the year you become a homeowner

Whether you build or buy, owning a home is an incredible source of pride and contentment. Isn’t it time you had some of the American Dream?

If you’d like to build a custom home, I hope you’ll consider us. We’ve been building homes in the Texas Hill Country for almost three decades, and would love to help make your vision a reality. Visit our portfolio or contact us today to talk about your needs.