Whether you’re thinking about buying a home for sale in Uptown Charlotte, a single-family home for sale in Mint Hill, or even a condo in another area such as South Park or Ballantyne, there are three great reasons you should act now to stop renting.
3 Great Reasons to Buy a House in Charlotte This Summer
In addition to pride in ownership—one of the biggest reasons people purchase homes—there are three terrific reasons to talk to a Charlotte Realtor® about buying your first house.
Real estate value moves up and down, but over the years, it typically appreciates in value. When you think about it, you can continue to rent and have nothing to show for it in the long run; on the other hand, you can buy a home and when your mortgage is paid off, you own it outright. (You can check out how the housing market is performing at the Federal Housing Finance Agency.)
Typically, homeowners can deduct mortgage interest from their tax returns. Because interest makes up the bulk of your monthly mortgage payments, this deduction can mean big things when it’s tax time.
First-time home buyers may also be eligible for other deductions, as well.
Although most of your monthly mortgage payment goes toward interest, particularly in the first several years of your loan’s life, part of your monthly payment goes toward the principal balance on your loan. You’re slowly but surely building equity in the home—and that will pay off when (or if) you decide to sell the home. That’s where your profit will come from.
Are You Looking for a Home for Sale in Charlotte or the Surrounding Communities?
Call us at 704-608-2794 to talk to a knowledgeable Charlotte Realtor® who can help you find the perfect place to live today.
You can also explore:
- All Charlotte, NC real estate listings
- Luxury homes for sale in Charlotte
- New construction for sale in Charlotte
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