THE PERFECT INVESTMENT
Every person, as they mature, realizes that they need to have an investment strategy as they head off into the future. The question is always where to start? The conventional wisdom is always the same – start by buying a home of your own. But why?
First of all, you need to spend a certain amount of your income on a place to live, so why not use that money every month as an investment in the future. Secondly, a home of your own is a great Federal and State tax deduction. When computing your taxes if you get beyond your basic deduction then every other tax deductible item becomes worth more. So if the mortgage interest and real estate taxes get you off the short form and onto the schedule A form then things like daycare, education, work clothes, charity, etc., help to save you more money on your 1040. These deductions then can lower your tax rate from say 35% down to 28% allowing you to save on your entire income. Think about it! You could take all the savings and put them in a Roth IRA college fund for the kids – it’s found money.
Third, you have a place to call home; a place to house all your memories, a secure serene place to rest from your work and enjoy your life. If you spend money decorating or improving you will get all the benefits, not your landlord. Fourth, as the dollar decreases in value and inflation takes its toll, your cost is set, and your monthly expense is controlled, so you can budget your money for other goals. Fifth, your kids will have a secure place to grow up where they belong and where they can establish friendships that will last a lifetime.
Maybe it’s time for you to make that first investment. Give us a call. We are MARK ENGLISH REAL ESTATE and DISCOUNT MORTGAGES SERVICES. We are the one stop shop for all your EVERGREEN COLORADO REAL ESTATE and EVERGREEN COLORADO HOME LOAN needs. Contact us at 303-674-0148, Email us at markenglishrealestate@msn.com or visit us on the web at www.evergreencoloradoliving.com. If You do need to downsize, refinance, or need to make a change let us help; and Don’t forget to register for your FREE HOME BUYER INCENTIVES on our web site.
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