The Hidden Benefits of Owning Your Own Home

North Fort Myers Online

In today’s market, there are many people who delay owning a home in favor of renting. However, there are many little known benefits of owning your own home. It might be in your best interest to consider if owning a home is right for you. 

The Hidden Benefits of Owning Your Own Home: Avoid Rent Price Increases

When you rent a home, you have to deal with increases in rent. Your landlord has many expenses to worry about including property taxes, repairs, and other payments. It is often necessary for them to increase rent in order to cover all these payments. Typically, rent is increased once your lease is up and you renew. Average rent increases are between a 3% and a 5% increase. Over time, this can be quite substantial and it may not be feasible to renew your lease and stay in the same location. If you own a home, you don’t need to worry about rent increases. You can rely on a fixed monthly expense for your home. It is predictable and unchanging. 

Tax Savings

In addition to avoiding extra expenses, you can also save money when owning a home. This is done through a variety of tax deductions and savings. Throughout the year, you will pay your mortgage and property tax and when it comes time to file your taxes, you receive deductions for these payments. Since owning a home is so expensive, these tax deductions are offered as an incentive for people to purchase a home. You can also receive tax credits for certain actions. For example, you can receive a federal, and even a state, tax credit for adding solar panels to your home. Solar tax credits return 26% of the cost of your system. 

The Hidden Benefits of Owning Your Own Home: Investment Over Expenditure

One of the main benefits of owning a home is it becomes an investment rather than an expenditure. You are putting money into something that is yours and that you can make changes to. These changes can benefit you later. With your own home, you can make improvements that suit you better and make your home more enjoyable to live in. If you eventually choose to sell, many home improvements can actually increase the value of your home and give you a better return. 

There are many pros and cons to owning a home. Many people may not realize some of the lesser-known benefits of purchasing a home over renting. These hidden benefits may be the deciding factor for whether purchasing a home is the right option for you.

Read this next: Simple Kitchen Improvements to Boost Your Home Value

Read this next: 3 Steps to Becoming a Great Real Estate Broker

 Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting-edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

 



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$169,990
Multi-Family For Sale
Active
5
BEDS
3
TOTAL BATHS
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Evans Addition Subdivision
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$87,000
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0.674
ACRES
LEE
COUNTY
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North Fort Myers Subdivision
Price Change - 4 weeks ago
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Commercial For Sale
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0.4677
ACRES
LEE
COUNTY
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North Fort Myers, FL 33903
 
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$39,700
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0.18
ACRES
LEE
COUNTY
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North Fort Myers, FL 33903
Ridgeway Subdivision
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$39,700
Land For Sale
Active
0.24
ACRES
LEE
COUNTY
1299 Old Bridge Rd
North Fort Myers, FL 33917
Gramac Subdivision
$169,900
Single Family Home For Sale
Pending With Contingencies
2
BEDS
2
TOTAL BATHS
1,436
SQFT
718 Lady Bird Ln
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Twin Brooks Estates Subdivision
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Single Family Home For Sale
Pending With Contingencies
3
BEDS
3
TOTAL BATHS
2,039
SQFT
2166 Cape Way
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Yacht Club Colony Subdivision
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$49,700
Land For Sale
Active
0.344
ACRES
LEE
COUNTY
1721 NE 16th Ter
Cape Coral, FL 33909
Cape Coral Subdivision
New Listing - 4 weeks online
$39,700
Land For Sale
Active
0.23
ACRES
LEE
COUNTY
1627 NE 16th Ter
Cape Coral, FL 33909
Cape Coral Subdivision
New Listing - 4 weeks online
$39,700
Land For Sale
Active
0.23
ACRES
LEE
COUNTY
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Cape Coral, FL 33909
Cape Coral Subdivision
$33,800
Land For Sale
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0.37
ACRES
LEE
COUNTY
4400 Ruthann Ct
North Fort Myers, FL 33917
Walsh Subdivision Subdivision
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$49,700
Land For Sale
Active
0.356
ACRES
LEE
COUNTY
1805 NE 16th Pl
Cape Coral, FL 33909
Cape Coral Subdivision
New Listing - 4 weeks online
$429,990
Single Family Home For Sale
Pending
3
BEDS
2
TOTAL BATHS
1,710
SQFT
3802 Palm Tree Blvd
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Cape Coral Subdivision
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Single Family Home For Sale
Pending
3
BEDS
2
TOTAL BATHS
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SQFT
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Cape Coral, FL 33993
Cape Coral Subdivision
New Listing - 4 weeks online
$43,700
Land For Sale
Active
0.344
ACRES
LEE
COUNTY
2206 NW 1st St
Cape Coral, FL 33993
Cape Coral Subdivision
$279,999
Multi-Family For Sale
Pending
6
BEDS
4
TOTAL BATHS
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Lehigh Acres Subdivision
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Land For Sale
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0.244
ACRES
LEE
COUNTY
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Buckingham Park Subdivision
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0.233
ACRES
LEE
COUNTY
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Buckingham Park Subdivision
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Active
0.231
ACRES
LEE
COUNTY
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Lehigh Acres Subdivision
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Land For Sale
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0.23
ACRES
LEE
COUNTY
3803 15th St W
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Lehigh Acres Subdivision
$73,700
Land For Sale
Active
0.173
ACRES
LEE
COUNTY
17374/376 Dowling Dr
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San Carlos Park Subdivision
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Land For Sale
Active
0.171
ACRES
LEE
COUNTY
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San Carlos Park Subdivision
New Listing - 4 weeks online
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Land For Sale
Pending
0.23
ACRES
LEE
COUNTY
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Cape Coral, FL 33993
Cape Coral Subdivision
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Land For Sale
Active
0.23
ACRES
LEE
COUNTY
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Not Applicable Subdivision
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Land For Sale
Active
0.23
ACRES
LEE
COUNTY
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Cape Coral Subdivision
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$14,900
Land For Sale
Pending
0.25
ACRES
LEE
COUNTY
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Lehigh Acres Subdivision
$18,700
Land For Sale
Active
0.25
ACRES
LEE
COUNTY
3216 39th St SW
Lehigh Acres, FL 33976
Lehigh Acres Subdivision
$22,000
Land For Sale
Active
0.25
ACRES
LEE
COUNTY
2816 11th St W
Lehigh Acres, FL 33971
Lehigh Acres Subdivision
$22,000
Land For Sale
Active
0.25
ACRES
LEE
COUNTY
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Lehigh Acres, FL 33971
Lehigh Acres Subdivision
New Listing - 3 weeks online
$14,900
Land For Sale
Pending
0.241
ACRES
LEE
COUNTY
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Lehigh Acres, FL 33976
Lehigh Acres Subdivision
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Land For Sale
Pending
0.25
ACRES
LEE
COUNTY
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Lehigh Acres, FL 33976
Lehigh Acres Subdivision
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Land For Sale
Pending
0.2182
ACRES
CHARLOTTE
COUNTY
16435 Becasse Dr
Punta Gorda, FL 33955
Burnt Store Village Subdivision
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Land For Sale
Pending
0.252
ACRES
CHARLOTTE
COUNTY
16142 Juarez Cir
Punta Gorda, FL 33955
Burnt Store Village Subdivision
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Land For Sale
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0.425
ACRES
LEE
COUNTY
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Mirror Lakes Subdivision
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0.227
ACRES
LEE
COUNTY
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Lehigh Acres, FL 33974
Lehigh Acres Subdivision
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$21,700
Land For Sale
Active
0.18
ACRES
LEE
COUNTY
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Lehigh Acres, FL 33936
Lehigh Acres Subdivision
Price Change - 5 days ago
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Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
1,176
SQFT
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Lehigh Acres, FL 33936
Lehigh Acres Subdivision
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$199,700
Single Family Home For Sale
Pending
3
BEDS
1
TOTAL BATH
1,080
SQFT
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Lehigh Acres, FL 33936
Lehigh Acres Subdivision
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$39,000
Land For Sale
Pending
0.331
ACRES
LEE
COUNTY
812 Rue Labeau Cir
Fort Myers, FL 33913
Mirror Lakes Subdivision
New Listing - 4 weeks online
$24,700
Land For Sale
Active
0.3041
ACRES
LEE
COUNTY
700 Fargo Dr
Fort Myers, FL 33913
Lehigh Acres Subdivision
$9,900
Land For Sale
Active
0.2422
ACRES
CHARLOTTE
COUNTY
27215 Earthnut Dr
Punta Gorda, FL 33955
Tropical Gulf Acres Subdivision
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Land For Sale
Active
0.226
ACRES
LEE
COUNTY
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Lehigh Acres Subdivision
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Active
0.335
ACRES
LEE
COUNTY
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Lehigh Acres, FL 33972
Lehigh Acres Subdivision
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$24,900
Land For Sale
Active
0.233
ACRES
LEE
COUNTY
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Lehigh Acres, FL 33972
Lehigh Acres Subdivision
New Listing - 3 weeks online
$11,900
Land For Sale
Pending
0.382
ACRES
LEE
COUNTY
509 Ames Ct
Lehigh Acres, FL 33974
Lehigh Acres Subdivision
$21,300
Land For Sale
Active
0.506
ACRES
LEE
COUNTY
1220 Michael Ave
Lehigh Acres, FL 33972
Lehigh Acres Subdivision
New Listing - 3 weeks online
$9,900
Land For Sale
Pending
0.5
ACRES
LEE
COUNTY
1917 Robert Ave
Lehigh Acres, FL 33972
Lehigh Acres Subdivision
New Listing - 3 weeks online
$11,900
Land For Sale
Pending
0.295
ACRES
LEE
COUNTY
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Lehigh Acres, FL 33974
Lehigh Acres Subdivision
$19,700
Land For Sale
Active
0.5
ACRES
LEE
COUNTY
1404 Johns Ave
Lehigh Acres, FL 33972
Lehigh Acres Subdivision
New Listing - 3 weeks online
$29,900
Land For Sale
Active
0.282
ACRES
LEE
COUNTY
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Lehigh Acres, FL 33974
Lehigh Acres Subdivision
$14,775
Land For Sale
Active
0.214
ACRES
LEE
COUNTY
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Lehigh Acres, FL 33974
Lehigh Acres Subdivision
$107,700
Land For Sale
Active
0.241
ACRES
LEE
COUNTY
10021 Alabama St
Bonita Springs, FL 34135
Heitmans Subdivision
$80,000
Land For Sale
Active
0.25
ACRES
COLLIER
COUNTY
205 2nd Ave
Immokalee, FL 34142
Immokalee Industrial Park Subdivision
New Listing - 4 weeks online
$17,900
Land For Sale
Pending
0.25
ACRES
CHARLOTTE
COUNTY
4224 Elvington Rd
Port Charlotte, FL 33981
Gulf Cove Subdivision

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