Hey time for a new year. I am beginnning a new seris on this blog for home ownership. Hope you enjoy. Give me some feed back please.
The Benefits Of Home Ownership
The decision to purchase a home is exciting and a major investment for your future. Because there is only so much of it to go around, real estate is the top choice for many investors and the desire for most families. This article is designed to highlight some of the many benefits of home ownership and how buying a home can often turn the American Dream into a reality.
One of the most profitable markets in real estate is rentals, which means that many families are paying to live in a home that isn't their own. In some cases, renting a home is necessary. For all others, the money that would be spent on rent could instead be used to pay a mortgage. In fact, monthly rent payments often exceed that of a typical mortgage payment. One of the greatest benefits of home ownership is putting money into something that you can call your own and knowing that the monthly payments are going toward your home's equity.
Speaking of equity, many properties experience a growth in value as more development moves into the area or the economy strengthens through an increase in job opportunities. If this happens, home values soar and owners can bask in the glory of their newfound profit. When you purchase a new car, it depreciates the moment that you drive off of the lot. When you buy a home, however, it has the potential to appreciate year after year. There are few things in life that can offer you a return above and beyond your original purchase price, but a home can.
When you own a home, you will enjoy the freedom of decorating and making any changes that you choose without needing the permission of a landlord or property owner. In addition, you may even be able to use your home's equity to finance some needed improvements and/or repairs. In some cases, these changes may even increase the value of your home. An upgraded kitchen or bathroom, hardwood flooring or an additional room are examples of changes that could result in added value.
Another advantage of home ownership is the tax benefits that are available. The interest paid on a home mortgage as well as most property taxes paid are tax deductible. For additional information on deducting mortgage interest and property tax, consult the IRS or a tax professional.
In addition to providing yourself and your family with a feeling of stability and permanence, home ownership can also help strengthen your credit profile through timely mortgage payments and a steady financial history.
“Spring has Sprung
Fall has Fell
Summer’s here and
It’s hot as (you get the idea)”.
When I originally created this blog, I promised to share some real estate market news with you. Now seems like the perfect time.
From my perspective as the weather continues to heat up and as gasoline prices continue to rise, the real estate market is showing some strong indications of recovery. After a rather dismal winter hunting land and farm real estate seems lo be moving again. I heard this week that a 400+/- tract is under contract for $ l,900.00 per acre. The property has been on the market for about a month. I also heard there is a 100+/- acre parcel under contract for $2,400 per acre. Only on the market for three weeks. Not bad.
The housing market seems to look a little brighter too. This is the time of year that everyone wants to look at a house. The idea is to get moved and settled in by the time school starts. The City of Demopolis is very fortunate to have a school system that is the envy of every County in the Black Belt. That fact is reflected in the local real estate market. Did you ever hear anyone say “houses in Demopolis are expensive”. The real estate professional’s favorite word;” location, location, location.”
All in all not bad news. I’m predicting a seller’s market by this fall. If you are considering selling or if you think you missed the last wave, why not drop by our office for a consultation, Let one of our professionals develop a marketing plan to maximize your properties exposure and value.
Until next week say safe,
Barry
Welcome to our new real estate blog. We are excited to bring to you the first blog that I know of, that will help to give you some insight on the local real estate market as well as tips and tricks you can use to spruce up you home.
To make sure that we are covering the subject matter you need I have included my email address at the bottom for suggestions. Please be critical and let me know what you want or need to read. I’ll do the best I can to meet those needs.
The content will be updated weekly on Sunday night if at all possible. The postings will not be limited to me. I plan to ask every one of my super agents to contribute their skills and knowledge.
I have plans for a really good blog, so by all means email me and let me know what you think. (The good, the bad, and the ugly.)
Thanks
Barry Brackin
barry@brackinrealestate.com
Oh! By the way…if you know of someone else who might appreciate the level of service we provide, just call me with their contact info and I will attend to their needs promptly and personally. We are never too busy for a referral from quality people like you.
(If you are an employee of Brackin Real Estate, be sure to call when you read this blog. The first person to call will win a nice prize.)
It's Christmas and time to slow down for a change. Yea! Yea! Yea! I know how hard it is to get back in groove after the holidays, but try not to look that far ahead. Relax and enjoy your family. It's only for a day or two and it only comes once a year.
Most of all don't forget the wonderful gift that God gave to his people 2000 years ago.
We used to play a game in one of my former Sunday School classes at Christmas time. We would all try and remember a fond Christmas story from our childhood, and share them with each other.
What a way to kick of a blog. Send me your story via email and I will publish it to our blog for all to share.
Enjoy the season; stay safe; and keep in touch.
Visit our award winning real estate website to see a complete list of the properties we are offering for sale. Or contact a member of our professional real estate staff to assist you with your real estate needs.
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