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Nila Kucharski's Blog

By Nila Kucharski | Broker in Raleigh, NC

When Your Lease Is Up, Where Are You Going To LIve?


Maybe the thought of moving never crossed your mind, that is, until now.   Should you move to another complex  or buy a house instead?    Buying your own place does make good sense.  The IRS does not help you with rents!  But it does when you own a home!! What I am saying is  - because about 75 - 80% of what you pay owning a home is tax deductible in your federal income tax, the IRS in a sense helps you in owning it!.  That is all of your mortgage interests and property taxes -  for as long as you live in your home!  When you  lower your federal income tax through your qualified itemized deductions, you effectively lower percentage wise your NC state tax and FICA tax - saving you tons of your hard earned money! (Please consult your tax adviser)  Some   people do not realize that owning a home is one of the better  ways to start building wealth.  Start yours now.  Visit our website at www.CarolinaMaxRealty.com to get more information in the home buying process. Or call me at 919-676-6917 if you have questions.   
 
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