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Advantages of Home Ownership

The Advantages of Home Ownership

  • You have a place of your own.

  • You are part of your community.

  • The vast majority of homes increase in value over time.

  • Your home is worth more to you as you pay off the mortgage.

  • Owning a home is one way to beat inflation; as income rises, the percentage of income needed to pay the mortgage decreases.

  • Mortgage interest and real estate taxes are deductible from your income for tax purposes.

  • Making mortgage payments on time builds good credit, which makes it easier to get another loan.

  • You can have more space.

  • Apartments may not be available in the areas where you want to live.

  • You can live the way you want.

  • You don’t have to depend on a landlord or deal with other tenants.


 
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Among the many Columbus and Central Ohio communities we serve, we have a particular fondness for Clintonville because that's where our home office is located!
 
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Real Estate Glossary

 
Facade : One of the exterior faces (walls) of a building.
 
Cash-Out Refinance: when a borrower refinances a mortgage at a higher principal amount to get additional money. Usually this occurs when the property has appreciated in value. For example, if a home has a current value of $100,000 and an outstanding mortgage of $60,000, the owner could refinance $80,000 and have additional $20,000 in cash.
 
Cash Reserves: a cash amount sometimes required of the buyer to be held in reserve in addition to the down payment and closing costs; the amount is determined by the lender.
 
Parquet Floor : Wood flooring laid to form geometric patterns.
 
Newel : The terminating baluster at the lower end os a handrail.
 

About Us

Make It Great! Real Estate LLC
Residential Real Estate Brokers
Residential Property Management
Homes For Sale
Investment Property For Sale
George Byrd, Broker
614-267-7676
614-474-8095 fax
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