Benefits Of Home Ownership
Plain and simple, owning a home can improve your quality of life, provide stability and give you a sense of control you just can't get from renting. You have a place to live when you rent, but buying is something much deeper – and better.
The intangibles are tough to measure, but there are other benefits you can quantify:
Financial investment:
Your monthly mortgage payment creates equity for you, not your landlord.
The interest on your mortgage is a tax deduction:
While this isn't a reason in itself to buy a home, it's nice to get a break at tax time.
Fixed monthly housing payment:
If you opt for a fixed-rate mortgage, the monthly rate of your mortgage won't change for the length of the term.
Tax-free gain:
When it's time to sell your home, you don’t pay taxes on the proceeds of the sale that are above what you paid (with some restrictions – see information on capital gains).
TIP:
Look for a house you can stay in long-term; one that will “grow” with your family and needs. The financial benefits of owning increase over time.Look for an agent who understands your lifestyle. Make sure the agent knows the neighborhoods you're interested in, and can answer questions you'll have about the location.
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Local Expert Updates
Janie Eick
Cell: 712.339.0574
Greg Sheeler
Cell: 712.330.1573
Will Kretsinger
Cell: 712.301.4040Community Updates
RE/MAX Lakes Realty
My local expertise, experience in other markets, combined with the power and influence of RE/MAX, enables me to help achieve all your objectives in your home purchase or sale. Call me, Lynn Thompson to discuss today's Real Estate opportunities.
H-LP State Football Runner-Ups 2016
A big Congrats to the Harris Lake Park football team on a fantastic historical season. The wolves dominated the competition all year long, punching their ticket to the UNI Dome for the 8 Man Football Playoffs. In the Semi-Final game the Wolves were able to continue the undefeated streak and beat Fremont Mills 35 to 21, giving them the opportunity to compete for the 8 Man Football State Championship. The Wolves battled hard against Don Bosco, Gilbertville, but unfortunately came up a little short and lost a hard fought game 21-48. Awesome Job on a GREAT season Wolves, it was very fun to see how much the community came together to support you guys. CONGRATS!
Okoboji Brewing Company
Okoboji Brewing Company is proudly locally owned and brewed. They brew high quality craft beer, from IPA's, Stouts, Ales, Porters, and more. They have an extensive beer menu in their taproom, which is a comfortable spot to enjoy a brew, watch TV, and get food delivered from your favorite spot in the area. You can sometimes find a local food truck parked outside, to pair with your favorite Okoboji Brewing company craft beer.