The holiday spirit is in the air, and America’s Preferred Home Warranty (APHW) wants to keep the momentum going by showing gratitude in this season of thanks! We are thankful for you, and as fellow homeowners, we are thankful for homes to call our own every day of the year.
1. Home is where you make memories that will last forever
Whether you’re gathering with friends, creating family memories, or spending some much-needed time alone, your home is the center of many long-lasting traditions and wonderful experiences. It’s no wonder why people from all walks of life consider home the place where we find love, fulfillment, and most of all, peace of mind.
2. Home is an appreciating asset
Another joy of having a home is that it is often a good financial decision. As the demand for housing continues to grow, homeownership continues to be a wise investment. In fact, the National Association of REALTORS® saw the largest existing-home price for all types of housing this year ($416,000) – which shows a home is quite literally something to appreciate!
3. Home is a way to help you reduce living expenses
As rental costs increase, homeowners can breathe easy knowing that once their home is purchased, their payments will remain steady, depending on their loan agreement. Plus, with other expenses on the rise, homeowners can budget more easily with the fixed housing cost a mortgage provides.
4. Home gives you more control
When you own a home, you have more privacy and freedom. You don’t have to deal with having a landlord who can enter your unit for periodic inspections or routine maintenance. What’s more, homeowners don’t have to live by the rules set by apartment complexes, which may control where you park, dictate how many guests you can have, or put limits on your pet options (though zoning laws and HOA by-laws may apply).
Most importantly, owning a home lets you make improvements without needing prior approval, enabling you to upgrade or enhance your home any way you choose.
5. Home comes with mortgage tax benefits
The Tax Cuts and Jobs Act of 2017 ensures homeowners can still deduct mortgage interest from their income taxes, giving you more budget flexibility than people who rent. Add to this a range of other tax deductions like closing costs, repairs, and other household expenses many homeowners can access, and you have more opportunities to reduce your tax liabilities.
Help others experience the comforts of home through end of year giving
Owning a home is the gift that keeps on giving. If you’re looking to give back, you can give financially (or of your time) to any of the various charities and nonprofits we support, including Child and Family Charities and Relay for Life.