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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
19 Results Days on Site (new to old)
50
$699,900 New For Sale
1900 Mill Branch Road
Bowie, MD 20716
5 beds, 4 full, 1 partial baths | Single Family Home
6,132 sq ft; lot: 2.39 acres
40
$325,000 New For Sale
12810 Beechtree Lane
Bowie, MD 20715
4 beds, 2 baths | Single Family Home
1,716 sq ft; lot: 13504 sq ft lot
6
$106,000 Under Contract
8722 Maple Avenue
Bowie, MD 20720
2 beds, 1 full, 1 partial baths | Single Family Home
1,304 sq ft; lot: 3920 sq ft lot
13
$155,000 Active Under Contract
8709 Chestnut Avenue
Bowie, MD 20720
3 beds, 2 full, 1 partial baths | Single Family Home
2,048 sq ft; lot: 5663 sq ft lot
31
$349,000 For Sale
13114 11th Street
Bowie, MD 20715
4 beds, 3 baths | Single Family Home
1,446 sq ft; lot: 10019 sq ft lot
54
$540,000 For Sale
10018 Erion Court
Bowie, MD 20721
5 beds, 3 full, 1 partial baths | Single Family Home
4,006 sq ft; lot: 9148 sq ft lot
19
$339,000 Active Under Contract
2617 Kennison Lane
Bowie, MD 20715
4 beds, 2 baths | Single Family Home
2,292 sq ft; lot: 8276 sq ft lot
50
$499,900 For Sale
4 beds, 2 baths | Single Family Home
1,800 sq ft; lot: 3.51 acres
9
$275,000 Active Under Contract
13100 5th Street
Bowie, MD 20720
4 beds, 4 baths | Single Family Home
1,680 sq ft; lot: 7405 sq ft lot
60
$525,000 Under Contract
13205 3rd Street
Bowie, MD 20720
6 beds, 4 full, 1 partial baths | Single Family Home
3,934 sq ft; lot: 13068 sq ft lot
4
$428,700 For Sale
16402 Euro Court
Bowie, MD 20716
3 beds, 3 full, 1 partial baths | Single Family Home
2,024 sq ft; lot: 6970 sq ft lot
6
$196,830 Under Contract
12945 Fletchertown Road
Bowie, MD 20720
3 beds, 1 bath | Single Family Home
1,584 sq ft; lot: 0.59 acres
Open House Saturday Jul 20, 11am–1pm
22
$412,000 For Sale
12513 Rambling Lane
Bowie, MD 20715
3 beds, 2 full, 1 partial baths | Single Family Home
1,788 sq ft; lot: 10019 sq ft lot
2
$245,000 Under Contract
4407 Lottsford Vista Road
Bowie, MD 20720
4 beds, 1 full, 1 partial baths | Single Family Home
1,260 sq ft; lot: 0.5 acres
37
$400,000 Under Contract
13200 11th Street
Bowie, MD 20715
3 beds, 2 baths | Single Family Home
1,454 sq ft; lot: 4792 sq ft lot
8
$500,000 Active Under Contract
4301 Saddle River Drive
Bowie, MD 20720
5 beds, 3 full, 1 partial baths | Single Family Home
3,082 sq ft; lot: 14810 sq ft lot
45
$274,999 Under Contract
16102 Pond Meadow Lane
Bowie, MD 20716
5 beds, 2 baths | Single Family Home
2,232 sq ft; lot: 14375 sq ft lot
31
$325,000 Under Contract
6723 Hillmeade Road
Bowie, MD 20720
4 beds, 3 baths | Single Family Home
1,875 sq ft; lot: 17424 sq ft lot
1
$93,600 Under Contract
13010 6th Street
Bowie, MD 20720
2 beds, 1 bath | Single Family Home
759 sq ft; lot: 4792 sq ft lot

Listings 1-19 out of 19
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