Century21 - Hudson Valley Realty

In a word shelter. Shelter from taxes and shelter for your lifestyle. Owning your own home provides you with a place where you can feel comfortable and secure. There are many financial rewards as well.

SIX Benefits Of Home Ownership:

1. Deductibility of Mortgage Interest and Taxes--The real cost of home ownership after deductions provides a tremendous tax savings.

2. Equity Build-Up--As you pay down the principle of the mortgage, you increase your share of ownership in the property.

3. Tax-Deferral Upon Sale--If you decide to trade up, you avoid paying taxes on your gain when you purchase another home.

4. Improvements Benefit You--Additions or enhancements you make not only add to the quality of your life, but increase the value of your property.

5. The Home Equity Loan--The interest on purchases (such as college tuition) financed through home equity loans is tax deductible.

6. Once-In-A-Lifetime Exclusion--A homeowner who is at least 55 and who has occupied the home for three of the past five years can escape taxation on the first $125,000 of profit.

If you would like to take the first step toward finding your "dreamhome" please go to the FINANCING section of this website

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