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One of the greatest freedoms in our country is the right to buy, sell, and own private property. Often referred to as â€śThe American Dreamâ€ť, a home is usually the largest financial investment of a lifetime. Because of its importance in our lives, letâ€™s take a look at the benefits of home ownership.
Unlike all other capital investments, the home satisfies one of our basic needs for shelter. Shelter means more than keeping us secure from the natural elements. It also assures us the right of privacy which guarantees our individual freedom. The old saying that home ownership allows us to live our lives according to the preferences of our own lifestyle.
PRICE OF OWNERSHIP
The free enterprise system is one that rewards success. Traditionally, a home is one of the most significant signs of success. The obvious pride that one feels in owning a home is one of the great emotional and psychological rewards for attaining some degree of success in our society. This feeling of price is continually nurtured as home owners upgrade the quality of homes they own.
Unlike other investments, where you make a return only on the amount of money invested, home ownership allows you the opportunity to obtain a return on both invested and borrowed money. This technique, known as leverage, provides a unique method for every homeowner enhance his or her net worth.
ADVICE: Ask your Realtor to show you how you can enjoy â€śThe American Dream.â€ť
Reproduced with permission
BY: Thomas Ervin
About Jeremy Callahan-- Jeremy is a real estate consultant, and team leader of the Callahan Real Estate Group. A graduate from UT-Chattanooga in Communication and Marketing, he brings a high level....