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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
16 Results Days on Site (new to old)
11
$275,400 New For Sale
13005 7th Street
Bowie, MD 20720
3 beds, 2 baths | Single Family Home
1,974 sq ft; lot: 14810 sq ft
6
$196,830 New For Sale
12945 Fletchertown Road
Bowie, MD 20720
3 beds, 1 bath | Single Family Home
1,584 sq ft; lot: 0.59 acres
44
$334,900 New For Sale
4411 Orangewood Lane
Bowie, MD 20715
3 beds, 2 baths | Single Family Home
1,863 sq ft; lot: 10019 sq ft
60
$499,000 New Under Contract
8912 Myrtle Avenue
Bowie, MD 20720
6 beds, 4 baths | Single Family Home
3,342 sq ft; lot: 12632 sq ft
44
$469,900 New Active Under Contract
1001 Kings Heather Drive
Bowie, MD 20721
5 beds, 3 full, 1 partial baths | Single Family Home
2,328 sq ft; lot: 10454 sq ft
28
$185,000 New For Sale
8517 Chestnut Avenue
Bowie, MD 20715
3 beds, 1 full, 1 partial baths | Single Family Home
1,432 sq ft; lot: 11326 sq ft
31
$359,900 For Sale
16010 Partell Court
Bowie, MD 20716
4 beds, 2 full, 1 partial baths | Single Family Home
1,810 sq ft; lot: 10454 sq ft
60
$499,000 Under Contract
8912 Myrtle Avenue
Bowie, MD 20720
6 beds, 4 baths | Single Family Home
3,342 sq ft; lot: 12632 sq ft
45
$274,999 For Sale
16102 Pond Meadow Lane
Bowie, MD 20716
5 beds, 2 baths | Single Family Home
2,232 sq ft; lot: 14375 sq ft
17
$234,900 Under Contract
13103 11th Street
Bowie, MD 20715
3 beds, 1 bath | Single Family Home
1,112 sq ft; lot: 4792 sq ft
12
$270,000 Under Contract
13215 10th Street
Bowie, MD 20715
4 beds, 2 baths | Single Family Home
2,280 sq ft; lot: 17424 sq ft
32
$349,900 Active Under Contract
12906 7th Street
Bowie, MD 20720
4 beds, 3 baths | Single Family Home
2,240 sq ft; lot: 10019 sq ft
32
$435,000 Active Under Contract
13116 4th Street
Bowie, MD 20720
5 beds, 3 full, 1 partial baths | Single Family Home
3,037 sq ft; lot: 10454 sq ft
47
$470,000 Under Contract
8911 Myrtle Avenue
Bowie, MD 20720
4 beds, 3 full, 1 partial baths | Single Family Home
3,806 sq ft; lot: 12632 sq ft
1
$93,600 Under Contract
13010 6th Street
Bowie, MD 20720
2 beds, 1 bath | Single Family Home
lot: 4792 sq ft
9
$185,000 For Sale
15403 Mount Oak Road
Bowie, MD 20716
Single Family Home
lot: 1.11 acres

Listings 1-16 out of 16
agent photo
Ashlee Goerdt
Re/Max One ~ The Nicki Palermo Group
2530 Riva Road, Suite 101
Annapolis, MD 21401

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