Home values and mortgage interest rates are at a record low yet it seems that many people remain skeptical about buying their first home.  There are so many positive reasons why buying and owning a home makes more than just financial sense.  In most households the single largest investment a person or family has is their home.  Ultimately most homes and especially those purchased using a fixed interest rate mortgage help shield the owner from increased housing or rental costs.  Did you know that many homeowners are able to deduct the mortgage interest they pay against their annual income which reduces their income tax and often increasing their income tax return?  It has been proven that statistically students of homeowners score better on academic tests and graduate at a higher rate.  

The graphics below provide a visual explanation beyond the financial and stability benefits of home ownership.

buying your first home

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Sam Miller of REMAX Stars Realty (740) 397-7800  KnoxCountyOhio.com