Buying a home has many benefits. While it’s probably one of the biggest purchases you’ll ever make, there are advantages that can save you money in the long run. There are deductibles and tax benefits you can take advantage of as a homeowner.
There are passive benefits through imputed rent or active benefits like deductions from expenses that come from owning your home. It’s important to understand these benefits so you can figure out what kind of financial advantages that owning your home can offer you.