Benefits Of Home Ownership
Plain and simple, owning a home can improve your quality of life, provide stability and give you a sense of control you just can't get from renting. You have a place to live when you rent, but buying is something much deeper – and better.
The intangibles are tough to measure, but there are other benefits you can quantify:
Financial investment:
Your monthly mortgage payment creates equity for you, not your landlord.
The interest on your mortgage is a tax deduction:
While this isn't a reason in itself to buy a home, it's nice to get a break at tax time.
Fixed monthly housing payment:
If you opt for a fixed-rate mortgage, the monthly rate of your mortgage won't change for the length of the term.
Tax-free gain:
When it's time to sell your home, you don’t pay taxes on the proceeds of the sale that are above what you paid (with some restrictions – see information on capital gains).
TIP:
Look for a house you can stay in long-term; one that will “grow” with your family and needs. The financial benefits of owning increase over time.Look for an agent who understands your lifestyle. Make sure the agent knows the neighborhoods you're interested in, and can answer questions you'll have about the location.
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Local Expert Updates
Brooke Johnson
Cell: 641.420.2172
Matt Rogers
Cell: 712.330.0604
Janie Gilmore
Cell: 712.339.0574
Greg Harvey
Cell: 712.330.1573Community Updates
The Waterfront
The Waterfront has been a really great addition to the Iowa Great Lakes. Located on the Bridges Bay campus, it is easy to find by car or boat. Streak, seafood, pasta, crepes, pizza and numerous delicious sides on the shores of East Lake will have you always coming back for more. Also try their Sunday brunch, it will not disappoint.
Terrace Park
Terrace Park is located in Brown's Bay on West Lake, Okoboji. It is one of the largest public beaches on West Lake and has entertained beach goers for many years. Next to Terrace Park is Boys Town out of Omaha, Nebraska. I remember as a kid spending entire days at terrace park, either riding bicycle or taking a moped (yes a moped) down to meet with friends and playing king on the dock. In 2010, the morning after "the storm", Terrace Park was carnage. Boat were stacked on top of each other. Trees were uprooted, and hoists were tossed around. Boats and other water craft were found in Terrace Park that belonged to owners on the North end of West Lake.
Comfortec Heating, Cooling & Plumbing
Comfortec has trained and licensed technicians who can handle the job whether you have no heat or a loud noise coming from your equipment. We are a Carrier, Ruud and Lennox dealer giving us an advantage when it comes to working with different types of furnaces. We carry a wide variety of parts and can service any brand of furnace or AC. When it comes to needing someone to come handle your heating or cooling issue, we get there fast and get the job done right anywhere in our service region. Additionally, we provide emergency service 24 hours a day, 7 days a week because problems with your heating and cooling systems or plumbing rarely only occur during a normal workday.
