Advantages of buying an Idaho Home
Kelly Exline, Realtor®  208.724.1560

Advantages of buying a Home

There are many advantages to owning your own a home. The one that comes to the for front in most people mind are the tax advantages. Mortgage interest and property tax deductions on income tax returns. Home ownership is an excellent tax shelter and our tax rates favor homeowners. Further more the taxes on 2nds, or lines of credit on your home, are often deductible as well.

Capital Gains Exclusion

If you live in your home 2 out of the past 5 years you may exclude up to $250,000 for an individual or $500,000 for a married couple of profit from capital gains - you get to pocket the profits, free from taxation (subject to limitations - make sure you discuss these issues with your accountant)

Pride of Ownership

Hey it's my house, I don't need to ask the land lord if I can paint my bedroom purple! Do be mindful of neighborhoods with Homeowners Associations (HOA) that can restrict what is done to the exterior of the home. Owning your own home can give you the since of stability and security while making an investment in your future.

Appreciation

Over time most experts feel a home is one of the safest places to invest your money. It's the only investment I know of that puts a roof over your head and gives you a place to lay your head. Keep in mind you will need to maintain this investment, a home that is not cared for will not appreciate the way a cared for home will.

Please fill out this quick and easy form to let me know exactly what you're looking for...
1
Please provide the following contact information:
Name:
Home Phone:
E-mail:
 
2
Please be specific about what you're interested in:
 

By submitting this form with your telephone number you are consenting for this website's authorized representatives to contact you even if your name is on the Federal "Do not call List"

Thank you for submitting your information. We will be in contact with you by phone or email.