Congratulations on Your Home Buying Decision!
You have decided to purchase a home, or real estate for investment, in the greater Denver metro area, or you are thinking about it. You would be joining the ranks of hundreds of thousands of Denver area families who realize that home ownership offers a number of benefits including building equity, saving for the future, and creating a nurturing environment for your family.
When you own your own home, your hard-earned dollars contribute to reducing your mortgage. The equity you earn is yours. Over time, your home will generally increase in value, although that is not always the case in recent times. Plus, most of your mortgage payment, the interest and taxes parts, are generally tax deductible if you itemize your deductions! If you are investor, and your real estate purchase will be a rental property, then all of your mortgage payment, and all of your maintenance and other expenses, should be tax deductible! Not everyone can or would benefit from home ownership. Consult with your tax adviser or accountant to see how home ownership or real estate investment may affect your own financial situation.
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