Are you tired of renting? Are you tired of paying off someone else's mortgage each month? Looking to buy? But are unsure if there are enough benefits to out way the cost of being a homeowner? San Diego realtor Damian Kowalczyk gives you three huge benefits of owning your own home.

Why You Should Own a Home

Do you currently rent? Are you tired of putting money into your landlord's pocket? Hi, I'm Damian with Whissel Realty Group here in San Diego. And I'm here to tell you three benefits of being a homeowner and putting that money into your pocket. Number one, predictable monthly payments.

As a homeowner, you will have a predictable monthly payment. And what I mean by that is every month you will pay the same amount, unlike rent where your payments may increase year over year. Number two, home appreciation. As a homeowner, having an appreciating asset like a home, you're able to build more and more value.

On average, here in San Diego, homes appreciate anywhere between six to 8%. Last year, we had a fantastic year and the homes here appreciated about 25%. So now imagine you bought a house last year here in San Diego for let's say $500,000. If you wanted to turn around and sell that house today, 12 months later, that house will now be 25% more, which that $500,000 house would now cost $625,000.

Now, I don't know about you guys but I don't know any other place where I can make $125,000 not having to work. And number three is your tax deductions. As a homeowner, you have the privilege and the benefit of tax deductions. Now, you can take your tax, your property tax, and deduct it, as well as your monthly interest on your payments.

So if you are renting here in the San Diego area and you're finally looking to take that next step towards being a homeowner, feel free to reach out to me. Leave a comment below. Give me a call. Let's get in contact and let's get you into your next dream home.