Northern Colorado Real Estate

Martine Bonhoure | Serving Fort Collins & Surrounding Communities

martine.bonhoure@coloradohomes.com
970.443.1781
  • Home
  • Search Properties
    • Property Search
    • Renting
  • Videos
    • Martine’s Video Library
    • News & Updates
    • Featured Neighborhood Videos
    • Property Videos
  • Communities
    • Northern Colorado Communities
    • Fort Collins
      • About Fort Collins
      • Fort Collins Subdivisions
      • Explore Southeast Fort Collins
      • Fort Collins new Neighborhoods and newer Homes
    • Timnath
      • Explore Timnath-Severance Communities
      • Timnath new Neighborhoods and newer Homes
    • Windsor
      • Explore Windsor-Severance Communities
      • Windsor New Construction
    • Loveland
      • Explore Loveland communities
      • Loveland New Construction
    • Berthoud
      • Explore Berthoud Communities
    • Custom Homes Lots in Northern Colorado
  • Relocation
    • Relocate to Northern Colorado
    • Northern Colorado School Information
    • Did you know about Corporate Relocation Benefits ?
    • Renting
    • Renting vs Buying
    • Moving Tips
    • Search Properties
    • Useful Websites
  • Buyers
    • Would you like me to find your perfect home?
    • What Can I Do For You?
    • Preparing to Buy a Home
    • Finding a Property
    • Making an Offer
    • Closing the Deal
    • Finding a Home Loan
    • Moving Tips
    • Useful Websites
  • Sellers
    • What is Your Home Worth?
    • Finding A Good Agent
    • Preparing to Sell Your Home
    • Pricing Your Home
    • What Happens When Your Home Is Listed?
    • Purchase Offers
    • Closing The Deal
    • Moving Tips
    • Useful Websites
  • About
    • Meet Martine
    • Market News
    • Payment Calculators
  • Contact

Renting vs Buying

There’s nothing quite like a home that you can truly call your own. A place where you can have the hardwood floors you’ve always dreamed of, a cozy outdoor space , a way to provide a good neighborhood for your kids to grow up in, and a freedom from the constraints of your landlord. These are the images that immediately come to mind, for many of us.
But some of the biggest advantages of owning a home are less romantic and more practical – in fact, there are financial advantages to owning a home:

Tax Deductibility
You can deduct the cost of your mortgage loan interest from your state and federal income taxes. Since interest generally will account for most of your payment during the first half of your mortgage, the savings can be significant. Some of your costs at the time of closing (including prepaid mortgage interest) can be taken as deductions on that year’s income tax return, and points paid up front at the time of closing represent additional mortgage interest and may be taken as a deduction.

Tax Deductibility of Property Taxes
You can deduct all of the property taxes you pay.

Appreciation Potential
Real estate is considered a good long-term investment because it usually appreciates in value. The effects of borrowing potential can increase as the value of the home appreciates.

Capital Gains Exclusion
When it’s time to sell your home the amount of capital gains you have to pay is reduced. A homeowner can exclude up to $500,000 per couple if married and filing jointly, or $250,000 if single or filing separately for homes that have been the taxpayer’s principal residence for the previous two years.

Capital Gain Treatment
Congress allows preferential tax treatment on gains from capital assets held for more than one year. This would be important for a homeowner who has gains in excess of the allowable exclusion.

Principal Accumulation
Mortgages are designed to pay the interest for the time that the money has been used, as well as to retire the principal debt over a period of time. This payment plan means that part of the payment each month is for principal accumulation.

Personal Enjoyment
Pride of ownership is a valid reason for wanting to own a home. You can personalize your home while enjoying the financial benefits.

For the best evaluation of your financial situation, consult your financial consultant. He/she will be the most qualified to discuss the financial consequences of a home purchase decision, as well as help you to establish a plan that will achieve your home ownership goals.





Relocation Specialist







Contact Martine

Address:

Coldwell Banker Residential Brokerage

1109 Oak Park Dr

Fort Collins, CO 80525

Phone:

970.443.1781

Email:

martine.bonhoure@coloradohomes.com

Follow:

Designations & Awards


 

Coldwell Banker Global Luxury, Certified Luxury Home Marketing Specialist (CLHMS), Master Certified Negotiation Expert (MCNE)

Copyright © 2014 All Rights Reserved

Open Floor Plan Theme