Manchester NH Homes
Buying A Home in Manchester, New Hampshire
Have you considered buying a house in the Manchester NH area? Manchester is known to be one of the fastest growing cities in New Hampshire. In addition to being near to Boston, Massachusetts, its also near to the beautiful NH seacoast. It doesn't matter if you're seeking to find the perfect single family home, duplex, condominium, townhome or plot of land for new construction, Moe Archambault is ready to help. An experienced licensed Realtor in Bedford NH, Moe has vast knowledge of the real estate market in Manchester and the surrounding towns. Interest rates are currently some of the lowest in recent history, so it's definitely a good time to consider buying a home.
Benefits Of Home Ownership
There are many reasons to purchase a house, not the least of which is the fact you are building real estate equity by owning instead renting. Equity can be explained as having "ownership interest" in a property, which can be borrowed against at some point in the future, or the property can be sold and converted into cash. You can consider your monthly payments as scheduled savings, as you're building up equity. Financial advisors agree that home ownership is one of the best investments, because houses usually appreciate in value over time.
Tax incentives are available to home owners that are not applicable to renters. Mortgage interest is generally a tax deduction for home owners and the tax savings can be significant. The interest paid to the mortgage company is deducted from your adjusted gross income. This results in a proportionally lower (though not dollar for dollar) tax obligation.