4 Reasons for Homeowners to be Thankful

America has seen a recent uptick in the number of renters versus those who are choosing to own their own homes. In fact, more people are renting today than at any time during the last 50 years. Particularly those under age 35, who would typically be in the first-time home buyers’ market, are increasingly choosing to rent instead of become homeowners. Several factors could be playing into this phenomenon, including increasing numbers of younger Americans saddled with student debt and rising home prices.

Whatever the reasons, we want to make the case for owning your own home. No, it’s not always a piece of cake. There is a lot of maintenance and upkeep and it can bring a bit of unanticipated complication to life. Even so, there are plenty of significant advantages to becoming a homeowner.

So, in keeping with the Thanksgiving season, here are 4 reasons for homeowners to be thankful:

Tax Breaks for Homeowners.

At least for now, homeowners can still deduct their mortgage interest from their income taxes. Unless Congress wants to become even more unpopular, that’s unlikely to change any time soon. Mortgage interest is a significant deduction and one of the chief reasons why even Dave Ramsey won’t criticize going into debt for a real estate purchase.

Investing in wealth building.

Another reason financial advisers will sign off on real estate debt is the nature of the investment. Buying your own home is one of the very few purchases you’ll ever make where the value of your asset will actually appreciate over time. Yes, we just experienced a (very rare!) depression in the housing market, but by and large, investing in real estate is one of the safest investments you’ll ever make. You’re almost guaranteed to see some amount of profit over time. And in most cases, even the money you put into this asset will see some sort of return. It’s one of the wisest investments for your future wealth you can make.


If you’re an adult with a steady job, your other living options are either a) your parents’ basement or b) a rental property. I don’t think I really need to go into the advantages of NOT living in your parents’ basement (your parents will agree, too!). If you’re renting, though, you’re not getting any of the above-mentioned benefits. You’re just writing a check every month to your landlord. It’s total cost, zero benefit. What if you don’t like the paint color? Or what if you like to crank your music while in the shower? Or conversely, what if you like to sleep in and the neighbor next door likes to crank the music while in the shower? (Yes, I did just go there.) None of that is a problem if you own your own home. If you’re renting, though, sorry. You just have to live with it.

You Can Host Thanksgiving!

Have you ever thought about trying to cram the whole family into your apartment? Probably not. And if you’re living with mom & dad, you’re not really the one hosting Thanksgiving. Instead of traipsing over the river and through the woods, have the family seated around your table next Thanksgiving, a start your own family tradition in your own home.

Owning your own home can be a challenge. It’s a serious investment of your money and your time. But in the long run it will also be one of the best decisions you’ll ever make.

Are you ready to become a homeowner? Talk to the professionals – Joy, Melissa, & Jill – with the Indianapolis Home Team. Their decades of experience helping Central Indiana residents find their dream homes will help you as you go through this process the first time (or the 3rd time…or maybe even the 10th!).

You can check out their completely FREE Ultimate Guide to Buying a Home for some awesome insight in to the buying process, steps you would need to take as a first-time home buyer, and more.

Real estate buyers guide

If you’re thinking about owning, but you’re not quite sure you’re ready and qualified to pull the trigger, Joy and her team will help you there, too. They’re more than happy to help you sort through the pros and the cons so you can make the right decision for your future. So contact them when you’re ready at info@indianapolishometeam.com or 317-564-7169.


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