The Benefits of owning your own home

  1. Tax breaks may be given by the government to those who own their own home. (deduction on mortgage interest, etc)
  2. Owning your home provides a freedom from landlords and third parties.
  3. Owning a home allows the homeowner(s) to build equity on their home, possibly providing large amounts of savings in the long term.
  4. Mortgage payments never change and stay constant, while rent can change based on situation and landlord.
  5. Owning a home provides a sense of stability.
  6. Mortgages end, rent doesn’t.
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