Are you looking to buy a home in the Blair County area? We have experienced agents ready to help you find a home in Altoona, Hollidaysburg, Duncansville, Bellwood, Tyrone, Claysburg and the Spring Cove area. Making the decision to purchase your first home is one of the biggest steps you will take in your life. The financial and emotional stakes may be high, but the rewards you will reap make it worth the while.
Owning a home comes with many benefits that can be quantified such as your financial investment. For one, you no longer rent, which means that your monthly mortgage payment will create equity for you and not a landlord. You can also use the interest on your mortgage as a tax deduction. This isn’t the only reason to purchase a home, but it is nice to get a break when tax season comes around. You will also have the option to choose a fixed-rate mortgage, which ensures that your monthly rate will not change for the length of the term. Purchasing a home also comes with a tax-free gain; if you decide to sell your home, you don’t pay taxes on the proceeds of the sale that are above what you paid. (There are some restrictions to this, which your realtor can help to explain.)
- Choose an agent who understands your lifestyle, knows the neighborhoods you’re interested in, and can answer any questions about the area.
- If you plan on living in the home long-term, you’ll want to find one that will grow with your family and needs. Financially, the benefits of owning a home will increase over time.