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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)
25
$100,700 New 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
Open House Sunday Sep 22, 1pm–3pm
16
$400,000 New For Sale
12810 7th Street
Bowie, MD 20720
4 beds, 2 full, 1 partial baths | Single Family Home
2,276 sq ft; lot: 7405 sq ft lot
43
$310,000 For Sale
8519 Chestnut Avenue
Bowie, MD 20715
4 beds, 1 bath | Single Family Home
6,055 sq ft; lot: 10019 sq ft lot
Open House Saturday Sep 21, 1pm–3pm
28
$357,000 For Sale
2902 Belair Drive
Bowie, MD 20715
3 beds, 2 baths | Single Family Home
1,856 sq ft; lot: 10454 sq ft lot
38
$229,000 Under Contract
8405 Brady Avenue
Bowie, MD 20720
3 beds, 1 bath | Single Family Home
936 sq ft; lot: 7405 sq ft lot
47
$489,500 For Sale
13117 5th Street
Bowie, MD 20720
4 beds, 4 full, 1 partial baths | Single Family Home
4,534 sq ft; lot: 10019 sq ft lot
4
$259,000 Under Contract
15534 Peach Walker Drive
Bowie, MD 20716
3 beds, 2 baths | Single Family Home
1,872 sq ft; lot: 11326 sq ft lot
2
$339,000 For Sale
12507 Starlight Lane
Bowie, MD 20715
4 beds, 2 baths | Single Family Home
1,944 sq ft; lot: 8712 sq ft lot
19
$1,500,000 For Sale
9109 Normal School Road
Bowie, MD 20715
4 beds, 3 baths | Single Family Home
2,208 sq ft; lot: 5.11 acres
51
$364,900 Under Contract
2417 Keyberry Lane
Bowie, MD 20715
4 beds, 2 full, 1 partial baths | Single Family Home
1,872 sq ft; lot: 10019 sq ft lot
49
$449,000 Under Contract
7200 Old Chapel Drive
Bowie, MD 20715
3 beds, 3 baths | Single Family Home
2,294 sq ft; lot: 11326 sq ft lot
29
$550,000 Under Contract
17125 Russet Drive
Bowie, MD 20716
7 beds, 4 baths | Single Family Home
3,600 sq ft; lot: 10019 sq ft lot
50
$699,900 Under Contract
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
50
$499,900 For Sale
4 beds, 2 baths | Single Family Home
1,800 sq ft; lot: 3.51 acres
4
$423,500 For Sale
16402 Euro Court
Bowie, MD 20716
4 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
22
$398,000 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
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

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