Buying a home has never been easier than right now. Not only are mortgage payments lower than rent but there are many other advantages as well. Let’s look at some of the advantages now as discussed in this recent Forbes article:
1. Homeownership Builds Wealth Over Time
We were always taught growing up that owning a home is a financially savvy move. Our parents knew it, and their parents knew it. But this past decade of real estate turbulence has shaken everyone’s confidence in homeownership. That is why it’s so important that we discuss this again now that we’re in a ‘new market.’ Homeownership can be a very savvy financial move – but only if people buy homes they can actually afford. At The Cottages at Avalon, you could own a spacious new home for what you have been paying in rent with historically low mortgage rates. Not only can we show you how to OWN your own home but to sweeten the deal Kerley Family Homes will pay 100% of your Closing Costs (when you use preferred lender) on all sales plus new rules have just been put in place in December allowing first-time homebuyers to put 3% down instead of 5 % as it was in the past few years making it easier for first-time homebuyers. What a great deal for new homebuyers! In 2015, this idea of sticking to a home you can afford to gradually build wealth is a “rule” that just happens to be new and old at the same time.
2. You Build Equity Every Month
Your equity in your home is the amount of money you can sell it for minus what you still owe on it. Every month you make a mortgage payment, and every month a portion of what you pay reduces the amount you owe. That reduction of your mortgage every month increases your equity.
3. Mortgage Tax Deduction Benefits
Mortgage deduction: The tax code allows homeowners to deduct the mortgage interest from their tax obligations. For many people this is a huge deduction, since interest payments can be the largest component of your mortgage payment in the early years of owning a home.
Some closing cost deductions: The first year you buy your home, you are able to claim the points (also called origination fees) on your loan, no matter whether they are paid by you or the seller. And because origination fees of 1 percent or more are common, the savings are considerable.
Property tax is deductible: Real estate property taxes paid on your primary residence and a vacation home are fully deductible for income tax purposes.
There are other advantages that are not as common like tax deductions on home equity loans, Capital Gains exclusion but bottom line is a mortgage plan is like a forced savings plan building up equity in your home and in the big picture, long-term, buying a new home is actually less expensive than renting.
You have to live somewhere, why not build up equity in your own home rather than making the landlord rich?
At the Cottages at Avalon, we can show you how to own for what you pay in rent or less. According to a recent article on NBCnews.com, “As Rents Soar, 2015 may be the year to buy a home“, rents are rising rapidly and are still going up and up but mortgage interest rates are still at generational lows. It doesn’t take a math wizard to crunch the numbers to see that owning your own home is the better of the deal.
The Cottages at Avalon feature spacious three and four bedroom homes including sought after Ranches and 2 story homes.You will also find such fabulous options as rear entry garages, covered porches, masters with sitting rooms, formal dining rooms and so much more!(all options per plan)
If you are looking for exquisite detailing not often found in the mid 100’s price range then check out this great community! The Cottages at Avalon will feature popular home plans like The Dylan, The Gavin II, The Mabry and The Madeline and the new Julian plan. (floor plan coming soon)
The Dylan – 3 Bedroom/2.5 Bath – A beautiful Craftsman Style home featuring an entrance foyer with beautiful detailing. Easy entertaining in this open floor plan with kitchen featuring 42″ cabinets, gorgeous granite countertops and appliance package (see agent for full details). Kitchen overlooks breakfast area and dining room which leads into the huge family room. Master suite features trey ceilings and a sitting area. Relax in your master bath with separate shower, double vanity, tub and walk-in closet. Upstairs bedrooms are good-sized and share a hall bath. Upstairs laundry room makes “wash day” a breeze! 2 car garage .197 Magnaview Drive – $162,317
At Kerley Family Homes “Its All About Value” but it is also about honesty and integrity. With Kerley you get assurance that your home is built right backed by a program of the Greater Atlanta Home Builders Association, the Certified Professional Home Builder designation is reserved for builders who are dedicated to maintaining the highest level of professionalism, customer service and homeowner satisfaction.
Not only is Kerley Family Homes a CPHB but they are Family Owned & Operated. It is important when purchasing a home to hire a reputable builder. KFH knows this is a big investment for you so they also offer a 2/10 Home Warranty.
The Cottages at Avalon are ideally located just off of I-75 for easy access to Atlanta, Hartsfield – Jackson Atlanta International Airport and downtown Atlanta. Tanger Outlets are just down the road along with many other local shopping malls.
Henry County is home to the quaint town of McDonough and is still a place of old-fashioned charm and a relaxed pace, where the shopkeepers are friendly and folks still gather on the courthouse square.Whether your interests lie in the antebellum South, ghost legends, or small-town Main Streets, there is a lot of history to explore in McDonough. Walk in the footsteps of Civil War soldiers and early pioneers.
For more information Visit Our Website or call 770-254-5354
Homes start from the mid 100’s
Directions: From Atlanta: I-75 south to exit 216. Turn right onto Hwy 155 (McDonough Road). Drive 0.6 miles to Avalon Pkwy, which is approximately 1 minute when you turn onto Hwy 155. The community will be on the right.
All information is believed to be accurate but is not warranted and is subject to errors, omissions, changes or withdrawal without notice.