Expecting a Tax Return? There’s No Place Like Your Own Home

Posted on April 20, 2010. Filed under: First Time Buyer help, Making Life Easier, Orange County Real Estate | Tags: , |

There’s no place like home…

The words are as true today as they were for a young girl prepping for a return trip back to her Kansas homeland. This is especially true when the residence is your own – lock, stock, and barrel. True, achieving home ownership requires a bit more than focused heal clicking. But the benefits are well worth the effort you’ll put into securing a precious piece of property that has YOU all over it. 

Anyone who has ever plunked down a wad of hard-earned greenery each month to fulfill legal obligations to a landlord knows the pain of money going down the drain. The cash is being put to good use, of course. For the landlord. Do you really want to finance Mr. or Mrs. Landlord’s vacation in Maui with the fruit of your labor? Obviously not. Fortunately, home ownership provides a financially sensible alternative. That’s because monthly house payments build equity over the duration of the mortgage. Once a mortgage is paid off, the property is legally and completely yours. At that point, you can bid a fond farewell to house payments. You are now living free of charge in a place of your own!

Aside from getting their hands on your monthly cash disbursement, landlords typically require compliance with a set rules and regulations governing what you can and can’t do in their place. Owners are known to be pretty difficult beasts should you dare to violate one of their sacred laws. No, they don’t all belong on broomsticks or in cages. But rules are rules, good people. And when you’re a paying guest, you’re obliged to follow all those carefully considered do’s and dont’s. Should you take it upon yourself to enlarge your landlord’s kitchen, you can count on some pretty serious intervention sooner or later.

No such restrictions with a home of your own. Unless you’re violating some sort of municipal code, you pretty much can do as you please – paint the walls in dazzling fluorescent rainbow colors, shape the hedges to resemble your favorite zoo animals, put in shag carpeting so high it will give you a nose bleed. Whatever your heart desires. The choice is all yours.

Once you move into your dream home, you’ll no doubt be inundated with house warming gifts from friends and relatives. One of your favorite relatives has a very special gift for you. Except in very rare instances, your present from Uncle Sam doesn’t come wrapped in colorful paper. But you’ll appreciate it just the same. It’s called a tax incentive. In the vast majority of cases, homeowners can save thousands of dollars a year in taxes.

If you’re contemplating your first home purchase now or in the future, you’re definitely on the right track. Ensuring a solid financial future, personal independence, and boundless gratification, home ownership offers a number of irresistible incentives guaranteed to leave even the most diehard procrastinators wondering why they waited so long. Don’t be one of them.

If you’d like to learn more about buying a home in Orange County, I’m ready to help.  Just contact me at 949.338.7408 or angie@askangie.com. Or follow me @AngieWeeks or @WeeksTeam.

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    Orange County, CA Real Estate for hip first-time buyers and investors. Plus, fun things to know and do in OC.


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