New Year, New Resolutions and a New Home!

Let's face it, millions of New Year's resolutions are made and forgotten within the first week of January. 

Everyone has great intentions, including myself, but life somehow gets in the way. Perhaps we set our goals too high or we just don't know how or where to get started with our new goals.

If purchasing a home is one of your New Year's resolutions, here are some great reasons not to bypass that one!

Rates are low—very low. More than likely they will only go up, up, up! Home prices are stable. Phoenixville is still experiencing growth and if the beginning of this year is any indication for the type of real estate market we will have through the rest of the year, we are in great shape. 

Tax benefits are there for the taking! Everyone complains about paying too many taxes. Owning your own home helps you reduce some of that tax burden by allowing you to deduct the taxes you pay and the interest you pay on your mortgage. (Please consult with your accountant for exact and more information regarding tax advantages. I am not an accountant.)

Many buyers are finding that their mortgage payment is going to be lower than their rental payment. Wow, it's been a while since we have heard that and it's true today. And with that being the case why wouldn't you purchase a home?

Of course you have those who will always be negative about any situation, so decide for yourself if it is better to rent or own. Take into account what you pay monthly in rent including utilities. Then speak to a local realtor and/or mortgage lender and decide what a monthly mortgage payment would be on a mortgage. After making that decision speak to an accountant about the tax deductions you would receive by having a mortgage. Add everything up over the period of one year and make your decision.

You can view a complete list of homes available at www.JenniferDaywalt.remax.com. Take the plunge into the New Year and make owning a home a top priority!