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.
Get In Touch
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Local Expert Updates
Aaron Jones
Cell: 712.320.9442
Janie Eick
Cell: 712.339.0574
Greg Sheeler
Cell: 712.330.1573
Community Updates
Snooks of Okoboji
Snook’s of Okoboji started primarily as a retail flooring store. After a transfer of ownership, the new owner, Bill Adams, has transformed our store into a one-stop home store. We now not only retail flooring, but also offer a wide selection of furniture, bedding, window treatments, decor and outdoor living. With the ability to purchase from the floor or order custom, we’ll make sure you get what you’re looking for to suit your space. Let our family help your’s.
Stop by today or shop online at snooksofokoboji.com.
Boji Doors
A family owned and operated garage door installation and general maintenance and repair company. They have competitive pricing, their service is prompt and reliable, free design estimates are available and they cover a wide service area. Whether you’re wanting to transform your space, repair your existing door, or explore and design a new commercial or residential garage door option, Boji Doors of Spirit Lake has you covered! Call Josh today 712.330.9806 for sales, service and installation!
The Outrigger
One of the area's best! The Outrigger serves fine food with an elegant, charming atmosphere. The menu has a variety of food options, but the Outrigger is well-known for their steak and seafood. Weekend specials are offered as well as prime rib on Friday and Saturday nights. A great neighborhood bar and restaurant!