The Advantages Of
Buying A Minnesota Home

When you're buying your first Minnesota home there are many factors to consider and different factors will motivate different people. Consider some of the following as some of the advantages of getting a home of your very own:

• You'll be investing in not only a house, but also in a community. You'll now be a tax-paying property owner with a say in what happens with local schools, libraries, stores and more. You can personally be involved in the shaping of your community.

You'll have a great new tax deduction for the rest of the time you own your home! In most cases, all the interest you pay on your mortgage is tax deductible. You'll start getting money back at tax time you never expected! Most first time buyers are pleasantly surprised at this benefit after their first year in the home.

A home is also a stable investment that tends to increase in value (assuming you're keeping up with general maintenance). Depending on current local trends your home may be the best way to "beat" inflation. Minnesota historically averages around 6% annually.

You can choose and design a home that fits your tastes AND lifestyle. When you'e renting you play by "their" rules, when it's your own place you play by YOUR rules. Obviously local laws and ordinances still apply, but within the law, you can customize your pad just the way you want it - neon green paint and glow-in-the-dark stars on the ceiling, if you want!

There are other benefits to home-ownership as well, not to mention the government's 1st time buyer financing options, allowing you to purchase up to $30,000 or $35,000 more of a home just because it's your first one. Even the government considers homeowners to be more stable and productive members of society - so they offer these "perks" to encourage it.