It's a great accomplishment to purchase your first home. Of course with all the exhilaration is also some fear. If you're like most people, I bet you'll likely want some expert direction along the way -- and you'll undoubtedly need an agent looking out for your greatest interests. I'm a veteran in Colorado Springs real estate, and I'm absolutely trained and qualified to assist you with buying your first house.
Not everyone with a real estate license is equally qualified to help you find your first home. My dedication to my clients is what sets me apart. Here are some things you can count on when you use Robert DeYoung of Real Estate Group for your first time home purchase.
I am ready to help you buy your ideal house in the Colorado Springs area!
Most people buy homes to have control over where they live. Although investment features are important, the psychological reasons for buying – the satisfaction of owning and freedom from paying rent are at least as important.
In a survey done by the National Association of REALTORS® showed that 76% of owners and 66% of renters consider pride of ownership an important reason for buying.
Renting offers a lifestyle that’s nearly maintenance-free. That may appeal to some, but consider that renting offers you no equity, no tax benefit, and no protection against regular rent increases. Writing a rent check is just like watching your hard earned money sail away into a trash can full of rent receipts.
Settling down was another important reason to buy. The tax advantage consists of qualified home interest payments and property taxes which are deductible on Schedule A of itemized deductions. Home buyer’s consider home ownership a good investment because they view it as a long-term venture.
Home ownership always has and continues to comprise the single largest source of savings for American households. Homeowners build equity and can borrow against it.
$700/mo | $800/mo | $900/mo | $1000/mo | $1200/mo | $1500/mo | |
You'll Pay | You'll Pay | You'll Pay | You'll Pay | You'll Pay | You'll Pay | |
This Year | $8,400 | $9,600 | $10,800 | $12,000 | $14,400 | $18,000 |
Next Year | $8,904 | $10,176 | $11,448 | $12,720 | $15,264 | $19,080 |
3rdYear | $9,438 | $10,786 | $12,134 | $13,483 | $16,179 | $20,224 |
4th Year | $10,004 | $11,433 | $12,862 | $14,291 | $17,149 | $21,437 |
5th Year | $10,604 | $12,118 | $13,633 | $15,148 | $18,177 | $22,723 |
6th Year | $11,240 | $12,845 | $14,450 | $16,056 | $19,267 | $24,086 |
7th Year | $11,914 | $13,615 | $15,317 | $17,019 | $20,423 | $25,531 |
8th Year | $12,628 | $14,431 | $16,346 | $18,040 | $21,648 | $27,062 |
9th Year | $13,385 | $15,296 | $17,326 | $19,122 | $22,946 | $28,685 |
10th Year | $14,188 | $16,213 | $18,365 | $20,269 | $24,422 | $29,406 |
TOTAL | $110,705 | $126,513 | $142,681 | $158,498 | $189,875 | $236,234 |