Your home
provides many tax benefits. Here are some of the benefits of
being a home owner.
All yearly interest is tax deductible. Including any points
paid for financing.
You can deduct the total amount of your yearly property tax
bill.
In addition to tax advantages you can greatly benefit from
your home's appreciation. A general rule of thumb is about
4 - 5% per year on average. If you bought a home that is worth
$100,000 then at the end of one years time it could be worth:
1st year = $105,000
2nd year = $110,250
3rd year = $115,762
and so on...
