The best part of my job is playing such an instrumental role in a very personal home finding experience. I had the pleasure of working with another corporate relocation and found this stunner to fit their criteria. What an incredible place to call HOME!! My clients are going to truly enjoy this alluring Lifestyle on a Private Over Half Acre lot at also at the end of a cul-de-sac. The Finest European Villa with boasts of amenities and features throughout including open double height living room with skylights, 5 bedrooms | 3 .5 baths, catwalk bridge overlooking the living room and endless views from all exposures of pure sunlight and direct views of New York City. Posh Perfection! Nancy A. Bozzi
Realtor®| Residential Sales & Commercial Global Relocation Specialist Coldwell Banker Realty 15 Ver Valen St. | Closter, NJ 07624 O. 201.767.0550 | C. 201.320.8744 | [email protected] Consecutively Ranked Top NJ Realtor® 2004-2021 ColdwellBankerHomes.com Emphasize Benefits of Homeownership Homeownership offers many benefits when compared to renting. Let’s review these now. · Pride of ownership: Owning one’s own home and maintaining and improving it provides security, a built-in savings plan (equity), and a sense of accomplishment. Real estate can be passed on to heirs; an apartment (generally) can’t. Pets aren’t an issue (within local codes), and there’s no one telling you what you can and can’t do inside or outside the home (barring HOA restrictions). · Hedge against inflation: Neither the principal nor the interest rate of a fixed-rate mortgage change over 30 years. On the other hand, rental increases are common, and a 4% to 6% increase per year isn’t unheard of. Some areas cap rental increases, for instance, at 10%. But if your mortgage payment rose from $2,000 to $2,200, you’d feel it. In some areas, mortgage payments are less expensive than rent, and the only thing keeping renters out of housing is the lack of down payment or other financing qualifications. · Leverage: Where else can you obtain appreciation on 100% of an investment when you only own 10% to 20% of it? Let’s say you’re deciding between financing a home and placing $20,000 in the bank. The bank may return 2% interest on your investment (2% × $20,000 = $400). But if you use $20,000 as a down payment on a $200,000 home, and housing prices rise 2%, you’ve just increased your return by $4,000 (2% × $200,000). · Tax advantages: Taxpayers who itemize may be able to take advantage of a mortgage interest deduction. Property taxes are deductible within limits. Homeowners who sell can also take advantage of the capital gain exclusion—up to $250,000 for an individual or $500,000 for a married couple—provided they’ve lived in their home for two of the past five years. · Stability: In addition to stable housing payments (principal and interest on a fixed-rate mortgage remains flat for the life of the loan), residents don’t have to worry about being ousted by a landlord who decides to convert apartments to condos, for instance, or one who sells to a new landlord who may not be easy to get along with. And because homeowners tend to remain in place longer than renters, it’s possible to build relationships with neighbors and create a sense of community. Nancy A. Bozzi Realtor®| Residential Sales & Commercial | Global Relocation Specialist Coldwell Banker Realty 15 Ver Valen St. | Closter, NJ 07624 O. 201.767.0550 | C. 201.320.8744 | [email protected] Consecutively Ranked Top NJ Realtor® 2004-2021 ColdwellBankerHomes.com |
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October 2021
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