Benefits Of Home Ownership
Plain and simple, owning a home can improve your quality of life, provide stability and give you a sense of control you just can't get from renting. You have a place to live when you rent, but buying is something much deeper – and better.
The intangibles are tough to measure, but there are other benefits you can quantify:
Financial investment:
Your monthly mortgage payment creates equity for you, not your landlord.
The interest on your mortgage is a tax deduction:
While this isn't a reason in itself to buy a home, it's nice to get a break at tax time.
Fixed monthly housing payment:
If you opt for a fixed-rate mortgage, the monthly rate of your mortgage won't change for the length of the term.
Tax-free gain:
When it's time to sell your home, you don’t pay taxes on the proceeds of the sale that are above what you paid (with some restrictions – see information on capital gains).
TIP:
Look for a house you can stay in long-term; one that will “grow” with your family and needs. The financial benefits of owning increase over time.Look for an agent who understands your lifestyle. Make sure the agent knows the neighborhoods you're interested in, and can answer questions you'll have about the location.
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Local Expert Updates
Greg Sheeler
Cell: 712.330.1573
Kymm Jones
Cell: 712.320.6737
Brooke Jones
Cell: 641.420.2172
Janie Eick
Cell: 712.339.0574
Matt Lippon
Cell: 712.330.0604Community Updates
Kurio Kastle
This place is one of the most fun businesses in the lakes area for kids, or adults who are creative, and likes to paint! Kurio Kastle is a pottery painting "palace," for anyone and everyone! You pick from an extensive array of pottery to paint, from cute animals, to mugs, and dishware. You can then stencil or draw on them, then paint it! Your masterpiece is then glazed, and put in the kiln to fire. After that, you pick it up, and take it home to enjoy! Its even a perfect place for birthday parties.
Trappers Bay State Park Silver Lake
Trappers Bay is nestled along the north shore of Silver Lake. It is a nice quiet little spot to take the family for a weekend picnic or a day of fishing. Silver Lake is one of the few area lakes that has a walleye season year around. Before the big Walleye opener on the Iowa Great Lakes, you will find Trappers Bay lined with fishing the entire length, trying to land a big walleye. Trappers has many fishing spots to choose from, however, on either side of the bridge usually produces the best fishing. Make sure to get there early, or you will likely not get an ideal spot in the early spring. Try casting a twister tail, ripple shad, or use a floating jig tipped with a minnow or leach. Good Luck!
True Value
True Value-downtown Milford
916 Okoboji Ave
Milford, IA 51351
Very convenient location, especially if you live South of the bridge and need something to fix something at your house? Whether it is electrical, hardware or plumbing, chances are good you can find it here. Also offer key cutting.