Susan Hilton College Station Real Estate

Realtor & Vice President of Sales of Bryan College Station Real Estate

Wife, Mother, REO Team Leader & Sales Manager for the BEST REAL ESTATE AGENTS in Bryan/College Station! Century 21 Beal, Inc. continues to provide the highest quality training and service in the Brazos Valley and it is an honor to be affiliated with this company!

Read More

Call: 979-764-2100

Information About Brokerage Services



Susan Hilton College Station Real Estate

Realtor & Vice President of Sales of Bryan College Station Real Estate

Read my blog below

Owning A Home

Homeownership comes with many benefits whether it is a home in Bryan or College Station or far away from Aggieland, and the least of which is that the home is yours! You are allowed to get a dog, or nine (unless you have deed restrictions…)! You can plant a garden, paint walls, change the décor, renovate, and do just about anything you would like with your new home. There are a number of other benefits. The community in which your home is located makes you feel more connected. You may join a neighborhood club or make friends with your neighbors at block parties. This gives you a sense of pride. The mortgage payments you will be making will slowly increase the amount of equity you have in your home. When you are renting a home, rent usually slowly increases over time. In a home, the normal, fixed rate mortgage locks in the amount of money you pay monthly for a set 30 years. This assures you stability. Your credit score should go up if you pay your mortgage on time. The stability that comes with owning a home allows you a sense of safety and consistency. You can stay in your home as long as you would like. There are currently tax write-offs that come with owning a home. The value of your home should also go up. Over the past 50 years, the value of homes has risen an average of five to six percent. Also, there may be tax free gain when you sell your home, meaning you pay no tax on the appreciation because you bought it.

These are just the tip of the iceberg of benefits that comes with owning a home. Now we will discuss the top six reasons to own a home in more detail.

Most first-time home buyers are intimidated by the large numbers that go with buying a home, and as a result, they continue to rent. The numbers should not scare you away from buying and maintaining your own home. The perks far outweigh the difficulties. Census data shows that a total of 68.3 percent of Americans are homeowners.

For one, tax deductions can be applied when you own your own home. Mortgage interest and property tax obligations may make a homeowner resentful when they receive the bills. However, come tax time, for both federal and state income taxes, you can deduct these payments from your taxes. In the first few years after purchasing a home, most of the payments made on the mortgage are represented as interest. Costs that you may have made on the closing of the home, for instance points paid, feed for the loan application and appraisal, could be deductible from your taxes.

Financial appreciation is another benefit. Homes are a usually safe investment and a joy personally. The value of your home should rise while the debt amount drops. Each year, the national, median home price has risen since 1968. Homes will appreciate typically with the rate of inflation plus a couple of percentage points. Sometimes, this is even more. A study done by Harvard University’s Joint Center for Housing Studies found a significant increase in the return rate of a home the longer it is held. An example of this is a buyer who makes a ten percent cash down payment with a home that has an annual appreciation rate of five percent. The buyer could expect a 94 percent return on the cash after three years of owning the home. After five years, the return would be at 225 percent and after ten years would be 623 percent!

Equity is another benefit of owning your own home. This rises over time. You cannot build equity if you are just renting a house. One renter states that she paid her landlords for nine years before they bought their house. Those nine years of rent added up to tens of thousands of dollars that were not going towards their appreciation or equity. By going ahead and investing in a home, you are forcing yourself to save. Additionally, a first home owned will often lead to a better second home. Typically, homeowners climb up the ladder by owning homes. The equity and appreciation buildup from a first home help with the transition to a nicer second home. According to a study by the NAR, the median down payment for first time home buyers is three percent. For repeat buyers, it is 22 percent.

Owning a home gives you more borrowing power. If you decide to stay put in the home you own, you can still use your equity for loans or to secure a good line of credit. This helps you have more financial resources when you want to remodel your home or make home improvements. You can also more easily secure cash for emergencies or big ticket items.

Owning a home allows for a sense of stability. Friends of mine were instructed to move out of their apartment by their owner. Apparently her daughter was moving into town in the next six weeks, and she wanted her to stay in that apartment. My friends had no say in the matter. They simply had to up and move out. Six weeks later they are now considering buying a place of their own so this never happens again. Renters have no idea where they will be or what they will be paying three years from now. Homeowners can have fixed mortgages and essentially the same payment for 30 years (excluding taxes and insurance of course). In addition, stability is gained from a community and neighborhood where relationships are formed, and roots are made.

Freedom is gained from owning a home. It is easier to speak up when you are the homeowner.  You can also make just about any decision you want about the interior and exterior of your home. Picking paint colors is entirely nonrestrictive and you will not find mysterious holes and scratches in your walls. You can plant gardens or trees and watch them grow over the years. You can put down roots and start a family in Aggieland!


  1. mortgage tips for home buyers

    I do not know whether it’s just me or if everybody else encountering issues with your blog.
    It looks like some of the written text within your posts are running off the screen.
    Can someone else please provide feedback and let me know if this is happening to
    them too? This might be a issue with my internet browser because I’ve had this happen
    before. Cheers

  2. Licensed Addition Contractors Thousand Oaks

    Great article! This is the kind of info that should be shared
    across the web. Disgrace on the seek engines for no longer positioning this
    publish upper! Come on over and visit my site . Thank
    you =)


    P: What are the top makeup tips you’ve picked up on set?

  4. Peter

    Bryan, it was a pleasure to meet you duirng Eva and Matt’s wedding. Your professionalism, coaching and staging was very impressive, as was your creativity, and timing. You really captured so much of the emotions of the event. Thank you.


    comentou em 10 de maio de 2012 às 10:21. Oi Sarah! O brilho do High Beam é cintilante, e não com glitter, então acho que você vai gostar. Quanto a bilhar muito no sol, eu acredito que iluminador seja mais um produto para usar a noite e em locais fechados, porque com o sol ele tende a ficar mais chamativo mesmo. Bjos!

  6. cheap car insurance

    Well, the Heisman voters got it wrong already. It's an utter travesty that CJ Spiller was not in the top 5! Granted, Clemson's 8-5 record didn't help matters, but this is about the best player, not the best team. There was not a more versatile and dangerous player in the country than Spiller. And don't get me started on Suh and his one big game on the 8-4 Husker team.Tom in DC


    Dealing with diversity:b. need to be sensitive to the differences between their clients and themselves.c. can practice unethically if they ignore diversity factors.Family Therapist:e. It depends on the primary patient(s) referred to the therapist. If one family member was first referred, then primary responsibility lies there even if the whole family later comes in for group counselingAdditional note: I am forever grateful for the family therapist who saw me when my ex abandoned my daughter and me. Do well in your studies.


    "But the women at Florida State are infinitely hotter than the ones at Harvard, and most college students are looking to get married at age 21."Dunno about this. Harvard has quite a few attractive women and some really ugly chicks. Most Florida State students are probably mediocre in terms of facial attractiveness, although they are probably more likely to have a vulgar bodily attractiveness.

Leave a Reply

Home Search > click

Homes Value> click

Ask Anything > click