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Advantages of Homeownership

The American Dream is alive and well in the Lone Star State. As rental costs rise across the nation, there’s never been a better time to invest in your family’s future by purchasing a new-construction home in a Master Planned Community. By some estimates, while renting is more cost-efficient in the short term, buying a house could save you as much as $4,000 in housing costs over just two years. In 10 years? Try six figures worth of savings, money that will have been sunk into your equity instead of floating off as rent payments.

And that’s before taking into account the significant tax and credit benefits accrued by homeowners. According to Discover, “your mortgage interest and property tax payments may be deductible from your federal taxes,” as are certain closing costs. These write-offs look particularly attractive to out-of-state purchasers, who may be planning to relocate to Texas to take advantage of the state’s already-low tax burden on residents. Discover also points out that paying a mortgage will boost your credit score, making you more attractive to lenders when it comes time to take out a new line of credit on a car or second home.

Beyond these financial incentives, owning your house comes with the greatest benefit of all: the freedom to create your dream home according to your own rules. Without a landlord watching your every move, you can fill your home with pets, upgrade your flooring, and paint your rooms however you would like, with the only limit being your imagination. More even than financial stability, this brand of freedom is what living the American Dream is really all about.

Once you’ve decided that owning your home is right for you, you’ll start to see the benefits of owning that home in a community like Mantua Point and Legacy Gardens. These new homes in Van Alstyne and Prosper, TX are located just north of the DFW metro area in a Master Planned Community. Bringing e a vibrant oasis blooming from the plains, complete open space, lakes and creeks, and miles of hiking and biking trails. With a number of home sizes and styles to

choose from, you’re guaranteed to find the right place for you and your family to begin a new chapter.

Reach out to the Risland Homes team and be a part of the Risland Homes family.