Continued….
the home. When ren ng, you do not have the advantage of
changing your environment to please you. "You may be able to
paint a room, but need to repaint back to the original color
The feeling you get when you come home to your place ‐ the place
scheme when you move. Owning your own home means you can
you scrimped and saved for and the place that represents a life‐
do whatever you please to make your environment both personal‐
long dream ‐ well, there's just no subs tute.
ized and, in the process, add value to the home."
3. Pride of ownership
4. Stake in your neighborhood
6. Tax breaks
Pride of ownership extends to the homes and area around your
house as well. Whether or not you move to a neighborhood with a
homeowner's associa on, buying a house will undoubtedly make
you more invested in what's going on around you. And that can
mean increased property values if neighbors band together for
common improvements.
"The second largest financial benefit of owning a home is tax sav‐
ings," said Investopedia. "The biggest of these is the ability to de‐
duct the annual interest paid on a mortgage from income. Private
mortgage insurance may also be a write off, on addi on to fees
paid at closing. If you have paid points, either discount or origina‐
on, you can deduct these as well."
5. Increa sed interest in HGTV. And DIY channel. And weekends at
7. More financial responsibility in other parts of your life
Home Depot.
Don't be surprised if you start quo ng Drew and Jonathan Sco or
using terms like "mitered corners" and "refaced cabinets." Which With a home to take care of, you may be more clued in to other
is good news, because the changes you make to your home won't long‐term investments and less wiling to spend frivolously.
just mean greater enjoyment while you live there, but also poten‐
ally greater profit when you go to sell.
"Home ownership means you have free rein in the aesthe cs of
Market Update—June 2014
CHARLOTTE, N.C. – The Charlo e Regional Realtor® Associa on reports on the residen al real estate market in this region based on
Carolina Mul ple Lis ng Services, Inc. (CarolinaMLS) data. Preliminary data show CarolinaMLS June sales increased by 3.7% compared
to sales this me last year of 3,502. Days on market has declined by 19.7% (18 days) while inventory s ll remains low compared to June
of last year.
Prices con nued to show year‐over‐year gains, with
the median and average sales prices up 7.3 percent
and 7.5 percent respec vely. The median sales price
for June was $197,480 while the average sales price
was $257,854.
The Charlo e Regional Realtor® Associa on is a trade associa on that provides its more than
6,700 Realtor® members with the resources and services they need to conduct ethical, profes‐
sional, successful and profitable businesses.
Laetitia Jackson / Wilkinson & Associates 8604 Cliff Cameron Drive, Suite 110, Charlotte, NC 28269 / C: 980.272.1845