Teresa Hames REALTOR(r) for Topanga Canyon, Malibu and Pacific Palisades, California real estate, Ocean View, Canyon view, Country living, Luxury Estates, Horse ranches, Equestrian Property
Teresa Hames Realtor, Topanga, Malibu, Pacific Palisades, Real Estate, GRI, e-PRO, Prudential Malibu Realty, Malibu Association of Realtors


Search the MLS
  • Topanga
  • Malibu
    About Teresa

    News & Articles

    We ♥ Topanga
    We ♥ Malibu
    Local Resources

    Teresa Hames, Topanga Real Estate, e-PRO, GRI, Malibu Real Estate, Prudential Malibu Realty

    Teresa Hames, Topanga Real Estate, e-PRO, GRI, Malibu Real Estate, Prudential Malibu Realty

    Topanga Properties

  • 7 Reasons to Own Your Own Home

    1. Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, property taxes you pay, and some of the costs involved in buying your home.

    2. Gains. Between 1998 and 2002, national home prices increased at an average of 5.4 percent annually. And while there's no guarantee of appreciation, a 2001 study by the NATIONAL ASSOCIATION OF REALTORS found that a typical homeowner has approximately $50,000 of unrealized gain in a home.

    3. Equity. Money paid for rent is money that you'll never see again, but mortgage payments let you build equity ownership interest in your home.

    4. Savings. Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.

    5. Predictability. Unlike rent, your mortgage payments don't go up over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will rise.

    6. Freedom. The home is yours. You can decorate any way you want and be able to benefit from your investment for as long as you own the home.

    7. Stability. Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity.

    To calculate whether renting or buying is the best financial option for you, use this calculator courtesy of Ginnie Mae: Calculator

    Teresa Hames, topanga canyon real estate, malibu, california real estate, horse properties, equestrian estates, ocean views, country living

    Copyright 2005-2016 Teresa Hames DRE Lic. # 01444436 - Topanga and Malibu Real Estate Agent
    REALTOR serving Topanga, CA 90290, Malibu, CA 90265, Santa Monica, CA, and beyond!