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Why Homeownership

 

Brick House with Red DoorThe housing market has seen a lot of changes during the past decade. There have been bubbles and busts, and now a gradual, but real, economic recovery that is causing the housing market to rise again. In broad terms, Maryland’s housing prices are steady and slowly moving upwards, and there are some modest increases in interest rates.

While some people continue to struggle with the impacts of the housing crisis, owning a home remains a good financial decision for many people. Communities benefit from homeownership through improved health and school outcomes, increased civic engagement and volunteerism, and reduced crime. For individuals and families, the ability to build wealth and equity, the pride of ownership and the freedom and flexibility that come with being able to invest in and modify a property are important.

The following reasons are why most people want to own their own home:

  • Financial stability and growth in equity – getting a fixed-rate loan means that you know what your payments will be for the life of the loan, and when you’ve made your last payment, you own your home outright.
  • Privacy and control – when you own your own home, there are no landlords and no need to get permission to upgrade, renovate or redecorate the way you want.
  • Build credit – keeping up payments on a home loan means building credit that may be important in the future, should there be large or unexpected expenses and a need to borrow.
  • Tax advantages – tax deductions are available for homeowners on interest payments that can effectively lower the cost of living.
  • Investment in an appreciating asset – while a brand new car loses value as soon as it is driven off the lot, long-term home values tend to increase (although market fluctuations in the short-term can occur).


    Article Courtesy of MMP.MARYLAND.GOV
14 Results Days on Site (new to old)
28
$355,000 New For Sale
12813 7th Street
Bowie, MD 20720
4 beds, 2 full, 1 partial baths | Single Family Home
1,963 sq ft, 4792 sq ft lot
30
$1,500,000 New For Sale
13325 11th Street
Bowie, MD 20715
4 beds, 2 baths | Single Family Home
6.24 acre lot
22
$329,900 Under Contract
3801 Enterprise Road
Bowie, MD 20721
4 beds, 3 full, 1 partial baths | Single Family Home
1.52 acre lot
8
$145,000 For Sale
12819 9th Street
Bowie, MD 20720
2 beds, 2 baths | Single Family Home
10454 sq ft lot
30
$399,900 Under Contract
13124 12th Street
Bowie, MD 20715
4 beds, 3 baths | Single Family Home
17424 sq ft lot
3
$300,000 Under Contract
14312 Mount Oak Road
Bowie, MD 20721
5 beds, 2 full, 1 partial baths | Single Family Home
3 acre lot
10
$450,000 Under Contract
13227 5th Street
Bowie, MD 20720
4 beds, 3 full, 1 partial baths | Single Family Home
10019 sq ft lot
30
$599,000 Under Contract
18130 Central Avenue
Bowie, MD 20716
4 beds, 3 full, 1 partial baths | Single Family Home
2,964 sq ft, 4.45 acre lot
19
$210,000 For Sale
12901 7th Street
Bowie, MD 20720
2 beds, 1 full, 1 partial baths | Single Family Home
4792 sq ft lot
1
$250,000 For Sale
13106 11th Street
Bowie, MD 20715
4 beds, 3 baths | Single Family Home
10019 sq ft lot
15
$511,000 For Sale
8905 Myrtle Avenue
Bowie, MD 20720
4 beds, 3 full, 1 partial baths | Single Family Home
10019 sq ft lot
11
$280,000 Active Under Contract
13603 Woodmore Road
Bowie, MD 20721
3 beds, 2 baths | Single Family Home
3.01 acre lot
25
$402,800 For Sale
8810 Elm Avenue
Bowie, MD 20720
4 beds, 3 full, 1 partial baths | Single Family Home
3,897 sq ft, 12632 sq ft lot
30
$549,900 For Sale
12925 Old Fletchertown Road
Bowie, MD 20720
4 beds, 3 full, 1 partial baths | Single Family Home
2.12 acre lot

Listings 1-14 out of 14
agent photo
Ashlee Goerdt
TriStar Realty
4201 Mitchellville Road, Suite 401
Bowie, Maryland 20716

Phone: 240-464-6316
Email: AshleeGoerdt@yahoo.com