An important part of buying a house is sitting down with your real estate agent or a mortgage lender to get a clear idea of how much you can afford. They will add up all of your monthly expenses, the mortgage payment, insurance, real estate taxes, homeowners or condo association fees--and the grand total can throw you into shock!
The important thing to remember is that the grand total isn't really the bottom line. When you add your tax savings to the equation, you may be pleasantly surprised. During the early years of your loan, almost all of the mortgage can be deducted from your state and federal income tax. The same is true of your real estate taxes. If you use part of your house as a home office, you may be able to qualify for additional tax savings. In some areas, homes with ground floor apartments are popular for offsetting part of the mortgage and offering even more tax savings.
When you make calculations about the monthly costs that include the tax savings, you may find that owning your own home is less expensive than renting a house or apartment of comparable size.
Jill Moylan, Owner of Home Advantage Realty, LLC Home Advantage Realty, LLC 2615 Devine Street Columbia SC 29205 Cell: 803-608-4663 803 771-2424 Fax: 803-771-2422 Email: JillRMoylan@gmail.com
Jill Moylan began Home Advantage Realty nearly two decades ago after
recognizing a need for more personalized and responsive service in the
Columbia, SC real estate industry. Since that time, she and her talented group of agents have provided high quality, professional service to hundreds of satisfied clients. With exceptional services for both buyers and sellers, we are dedicated to ensuring that we not only meet but exceed your expectations. Please call or e-mail us today if we can help you in any way. Our priority is understanding your
priorities. There's a better way to buy a home than spending hours in a car
and on the internet.
Check out our testimonials from many satisfied clients!
Experienced. Personalized. Professional.
Since 1991.
www.HomeAdvantageRealty.com is brought to you by
Jill Moylan NUMBER1EXPERT in real estate for
Columbia, South Carolina
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