Reasons To Consider Home Ownership For many Americans, the ability to own a home or property is one of the most important advantages of living in our country. Indeed, the Founding Fathers thought it one of the most important things needed to get the country started. Here are just a few of the many benefits you will have as a homeowner: SECURITY - your home is your "castle", giving you the comfort of having your own little corner of the world. Your home is a stronghold against inflation, because if prices go up, so does the value of your home. INVESTMENT - as each monthly payment is made, you own more and more of your home. Each improvement you make not only enhances the livability of your home but adds to its investment value. TAX ADVANTAGES - real estate taxes and the interest on your mortgage loan or land contract are deductible from your income tax. CASH EQUITY - your home mortgage dollars are actually invested in a way that will keep pace with inflation and help to keep you in a favorable economic position FINANCIAL INDEPENDENCE - home ownership can be a good foundation around which to build a personal financial program CREDIT - owning a home can help establish financial credibility and the equity can be a source of investment funds too A LIFE-STYLE STATEMENT - your home and your community reflect your life-style and provide a sense of belonging. When you own a home, you sink your roots in a community PRIDE AND SATISFACTION - your home is a source of pride, offering you privacy, freedom and independence