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Attaining the American Dream: 5 Financial Reasons to Buy

by Desi Sowers

It also makes sense financially.Attaining The American Dream: 5 Financial Reasons To Buy | Keeping Current Matters Heading into 2015 many people have their sights set on buying a home. The personal reasons differ for each buyer, with many basic similarities. Eric Belsky, the Managing Director of the Joint Center of Housing Studies at Harvard University expanded on the top 5 financial benefits of homeownership his paper - The Dream Lives On: the Future of Homeownership in America.

Here are the five reasons, each followed by an excerpt from the study:

1.) Housing is typically the one leveraged investment available.

“Few households are interested in borrowing money to buy stocks and bonds and few lenders are willing to lend them the money. As a result, homeownership allows households to amplify any appreciation on the value of their homes by a leverage factor. Even a hefty 20 percent down payment results in a leverage factor of five so that every percentage point rise in the value of the home is a 5 percent return on their equity. With many buyers putting 10 percent or less down, their leverage factor is 10 or more.”

2.) You're paying for housing whether you own or rent.

“Homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord.”

3.) Owning is usually a form of “forced savings”.

“Since many people have trouble saving and have to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings to another day.”

4.) There are substantial tax benefits to owning.

“Homeowners are able to deduct mortgage interest and property taxes from income...On top of all this, capital gains up to $250,000 are excluded from income for single filers and up to $500,000 for married couples if they sell their homes for a gain.”

5.) Owning is a hedge against inflation.

“Housing costs and rents have tended over most time periods to go up at or higher than the rate of inflation, making owning an attractive proposition.”

Price Reduced! 4617 Webbs Mill Road Riner VA 24149

by Desi Sowers
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Nestled on 1.33 serene wooded acres with easy access to the New River Valley and Roanoke VA 4617 Webbs Mills Road is the perfect place to call home. Panoramic views of mature trees and endless skylines are just waiting for your enjoyment. Come on in toast your toes by the massive stone fireplace in the living room. A partially finished basement with a full bath and laundry facilities is ideal for expandable living space.  A double covered carpet is ideal for grilling and chilling with friends. A little lipstick and rouge, spackle and paint will make this solid 1970’s basement home perfect for your family. Call today to steal this deal!

You don’t have to just visit; you can live here and enjoy Virginia’s growing economy and vacation-like lifestyle! With easy access to I-81 you can appreciate a prime example of why New River Valley VA is such a desired place to live and play. This Riner VA home is just steps to shopping, dining, nightlife, VA Tech and recreational activities.

Desi Sowers has distinguished herself as a leader in the New River Valley real estate market. Desi assists buyers looking for New River Valley real estate for sale and aggressively markets New River Valley homes for sale.

Desi brings with her a keen eye for the details of buying or selling a New River Valley home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future – Desi Sowers will help make the most of your New River Valley real estate experience. Give her a call today, 540-320-1328, and discover the difference she can make during your family's move.

SOLD! 1385 Red Hawk Run Christiansburg VA 24073

by Desi Sowers
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Breathtaking views and a gorgeous home 1385 Red Hawk Run is a dream come true!  Situated on 6 acres in the popular Smith Creek subdivision where homeowners have use of a 75 acre protected area that includes a pond and trails for horseback riding, 4 wheelers and hiking.  Let yourself get swept away by the serene setting of this stunning Colonial home.  Offering panoramic sun drenched views from multiple entertaining areas this pretty home shows like a magazine layout. Quality features include tiled floors, granite counters, hardwood floors, pocket doors, tray ceilings, tiled baths, recessed lighting, trendy light fixtures, crown molding, fireplaces and a brick/vinyl façade.  A masonry fireplace flanked by picturesque window views is an alluring place to soak in glorious views of rolling hills and mountains. Beautiful designer gourmet kitchen features granite counters, custom cabinets, tiled backsplash, smooth top range plus an extended dining area with deck access. A built in command center plus a spacious laundry room makes this sparkling home ideal for large families. A true 5 bedroom home with a pampering master suite and generously sized secondary bedrooms ensures a place to rest for all.  The kids and kids at heart are sure to enjoy the cheerful basement with outside access, easy care flooring, a bedroom, bath and a large den this is fantastic flex space.   Double garage plus a picture perfect red barn stores mowers, bikes, tools and more.  Call today to this Christiansburg VA home for sale!

You don’t have to just visit; you can live here and enjoy Virginia’s growing economy and vacation-like lifestyle! With easy access to I-81 you can appreciate a prime example of why New River Valley VA is such a desired place to live and play. This Christiansburg VA  home is just steps to  shopping, nightlife, VA Tech and recreational activities.

Desi Sowers has distinguished herself as a leader in the New River Valley real estate market. Desi assists buyers looking for New River Valley real estate for sale and aggressively markets New River Valley homes for sale.

Desi brings with her a keen eye for the details of buying or selling a New River Valley home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future – Desi Sowers will help make the most of your New River Valley real estate experience. Give her a call today, 540-320-1328, and discover the difference she can make during your family's move.

New River Valley VA Home For Sale
105 Highview Trail Newport, VA 24128

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Beautiful country cottage on 5 acres will take you away from crowds yet offer a short drive to Blacksburg VA shopping, dining and nightlife or a short hike to the Appalachian Trail. Quality features include new heat pump, new hot water heater, updated bathroom, a new metal roof with sprayed foam insulation, gorgeous knotty pine floors and paneling plus tiled floors in the wet areas. An inviting living room offers the ultimate place for watching the ever changing light and colors of the outdoors. A spacious kitchen provides an abundance of cabinet and counter space plus a smooth-top range. The delightful dining room with French door access to the outdoors expands your entertaining space. Two generously sized bedrooms and tiled bathrooms are sure to impress. Relax on the covered front porch or the multi-tiered deck where you will be captivated by the magnificent mountain vistas that stretch for mile upon mile. Numerous fruit trees including Apple, Cherry and Walnut with established berry bushes plus beautiful White Oak trees which draw natural deer trails is perfect for the gardener in you.  An incredible piece of paradise place to slip away from the hustle and bustle of everyday life while enjoying farming, hunting or your own livestock. Riding lawn mower and standing freezer convey.  Here is your chance to own a piece of paradise!

You don’t have to just visit; you can live here and enjoy Virginia’s growing economy and vacation-like lifestyle! With easy access to I-81 you can appreciate a prime example of why New River Valley VA is such a desired place to live and play. This Newport VA home is just a short drive to shopping, nightlife, VA Tech and recreational activities.

Desi Sowers has distinguished herself as a leader in the New River Valley real estate market. Desi assists buyers looking for New River Valley real estate for sale and aggressively markets New River Valley homes for sale.

Desi brings with her a keen eye for the details of buying or selling a New River Valley home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future – Desi Sowers will help make the most of your New River Valley real estate experience. Give her a call today, 540-320-1328, and discover the difference she can make during your family's move.

 

Displaying blog entries 1-4 of 4

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