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Thank you so much for visiting today.  If this is your first visit, take your time and look around.  There is plenty of information and resources available to you as a home buyer, seller or investor.  If you are a return visitor, thank you.  I hope you find my website easy to navigate. Please feel free to contact me if you have any questions regarding properties you see for sale or if you are interested in selling your home. I look forward to working with you.   

Andrea L. Bu…

 

Andrea Butler on Zillow

Andrea Butler on Zillow

 

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Is Buying a Home Still a Smart Plan?

With the burst of the housing bubble, credit crisis, and millions of foreclosures across the country, you may wonder if buying a home is such a good idea after all. However, it’s important to consider all of the facts. The important message to take away from these events is not that buying a home is a bad idea, but that you must be smart about buying your home.

The housing market, like every type of market, unavoidably has its ups and downs. That doesn’t mean buying a home is a bad investment. As a long-term investment, homeownership is still one of the best investments for individual households. Historically, real estate has consistently increased in value, despite shorter periods of depreciation due to local markets and/or national economic conditions. The data shows that homes generally appreciate about 5% per year.

Savings & Investment

Five percent may not seem like a great return on investment, but you have to think about it in the context of the situation. For example, let’s say you put 10% down on a $200,000 house. That’s a $20,000 down payment, or initial investment. At a 5% annual appreciation rate, your $200,000 home would gain $10,000 in value during the first year. Earning $10,000 on an investment of $20,000 is a whopping 50% return.

For further perspective, let’s say instead of spending that $20,000 on a down payment, you invested it in the stock market. With a 5% return, you would gain only $1,000 in profit.

Tax Benefits

So now you’re saying that a home may have a higher return, but that’s before you consider all of the costs of home ownership, such as taxes, etc. Well, think of it this way: your property taxes as well as the interest on your mortgage are both tax deductible. You can deduct those costs from your income, thus reducing your overall taxable income. In other words, the government is subsidizing your home.

Other Benefits

It’s easy to get carried away with all of the economic reasons for home ownership, but it’s important to remember that not every reason is financial. Have you ever wanted to paint the walls of your apartment? Well when you’re renting, you can’t. Has anything in your apartment ever needed updating, but the landlord refused to do it? When you own a home, you can make the space yours in almost any way you want. And you benefit when you do home improvements, both financially and psychologically. Homes generally have more space, for storage, living, etc. than other living arrangements. Not to mention that you have space outdoors for barbecuing, pets, and kids. Owning your home carries with it a sense of pride, accomplishment, and even an elevated social status.

So when you’re considering buying a home, consider the broad range of benefits that owning a home can have. And always make sure you have an experienced real estate agent and loan officer to help make sure you’re getting a home that is right for you, both financially and psychologically.

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Andrea L. Butler
Realtor®, ABR, e-PRO, SFR, ASP
Relocation Specialist
Weichert,Realtors-The Freedom Group
901 Second Loop Rd.
Florence, SC 29505
Office: 843.673.9181
Mobile: 843.615.0021
ABButlerHomes@gmail.com
www.facebook.com/AndreaButlerHomes

Testimonials

Our family has worked with Andrea for almost 10 years on the purchase and sale of dozens of rental properties. We highly recommend her to anyone who wants a trustworthy pro in their corner. She's easy to get in touch with, responsive, respectful, and will work hard to make sure you get what you need to be happy at closing. REQuest Properties- 2012
In all our dealings with Realtors over the past ten years, we have never met anyone as helpful and energetic as you have been. Without hesitation, we would highly recommend your service to anyone who is looking for an experienced Realtor who cares about getting things done and doing them right! Thanks for taking such good care of us, we couldn't have done it without you! Satisfied Seller- 2011
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ABR - Accredited Buyer RepresentativeASP - Accredited Staging Professionale-PROEqual Housing OpportunityMLS membershipREALTOR® certificationYahoo® Real Estate ClassifiedsShort Sale Foreclosure