Seven Benefits of Home Ownership

Why Homeownership is More Than Just a Place to Live:

In a recent Gallup survey, Americans ranked real estate as the #1 investment for the tenth consecutive year. But beyond financial returns, homeownership provides a wealth of personal and social benefits. Here’s why owning a home is one of the best decisions you can make:

🏡 Financial Benefits

• Appreciation: Real estate is a long-term investment that has consistently grown in value. Census data shows the median home price jumped from $172,900 in 2000 to $417,700 in 2023, averaging over 6% annual appreciation.
• Equity Growth: Every mortgage payment builds your wealth—not your landlord’s. Over time, this can be a powerful financial asset.
• Tax Benefits: Depending on your situation, you may qualify for deductions on mortgage interest, property taxes, and other home-related expenses (consult your accountant!). 
• Savings & Wealth Building: When you sell, you may be able to exclude up to $250,000 ($500,000 for married couples) in capital gains from federal taxes.

🌍 Social & Personal Benefits

• Security, Stability & Predictability: Homeownership gives you control over your living situation, providing privacy and a sense of belonging plus a fixed-rate mortgage keeps your housing costs stable, while rent increases over time. 
• Freedom: Unlike renting, you can customize and personalize your space to reflect your style and needs.
• Community Connection: Owning a home often means putting down roots and building long-lasting relationships within your neighborhood.

At Live.Laugh.Montana., we believe homeownership should be accessible to everyone. If you’re unsure whether you can buy a home, let’s chat! You might be closer to homeownership than you think.

📩 Let’s create a plan that works for you!

Source: Gallup & NAR