Why should I buy a house? We get asked this question a lot.

We understand that buying is not a one-size-fits-all, and doesn’t work for every renter. However, we see its value – especially when interest rates and housing costs are on the rise.

Discover six key benefits of owning a home in Portland, and why our personal approach to real estate can help guide you home.

6 Reasons to Own a Home

Happiness 

The feeling of owning your own home is unmatched. You can fix it up, make it your own, get a dog, or plant a tree if you want. We love the sound of that!

 

Tax Savings 

The government rewards homeowners by providing excellent tax benefits. The interest paid on your mortgage and other home-related expenses can generally be deducted from your income.

Appreciation

Home values have a well-documented history of going up over time. This increase becomes equity you can benefit from when you refinance or sell.

 

Equity

Renting has often been compared to paying 100% interest, but when you own a home and a mortgage is in place, a portion of your payment goes toward the principal balance on your loan. This builds your equity and acts as a savings account. Wouldn’t it be nice to not have to think about saving?!

 

Roots

People who own rather than rent stay in their homes 4 times longer. This provides an opportunity to get to know your neighbors and connect with your local community.

 

Education

Research* shows children of homeowners earn higher test scores and graduate at a higher percentage than those of renters.

*These statements have not been reviewed or approved by Tindell & Co.