First we will take a look at owning your home and what the benefits are. One of the first benefits is you are in control as the owner of what happens to your home. You can decorate and make changes to the inside and outside with your own ideas and plans. Should you want to add a couple of trees or flowers to the yard or add a deck or patio you’re in control and can make these changes and additions.

The inside allows for the same possible changes. Want to move a wall to make a bedroom larger or increase your kitchen or family room? You own the home and it’s up to you to tailor your real estate to fit your wants and needs. Just think; you and your partner both are employed and need to leave for work at the same time. There is only one bath so conflict occurs when trying to get ready every morning. With owning, a new bath can be added and problem is resolved. One of the greatest benefits is "Pride of Ownership". The home is yours not your landlords. You will have to pay taxes on your real estate and provide upkeep, but you do get a tax deduction on the interest on the mortgage. (There has been talk about ending this deduction by the Obama Administration but it is not very likely this will happen as there would be an outpouring across the country like never have been seen.)

Currently this is one of the best times for purchasing your own real estate. Interest rates are at or near record lows. Foreclosures are available that can be purchased below market value giving you equity on the day you take possession. Many of these foreclosed homes are ready or near ready to move in. Almost every case when repairs or updates are needed you will still have equity when completed and you will be using your own decorating aspirations for looks and usefulness.