Many new homeowners are filled with the wants and desires to fill the empty rooms with new furniture or fill up the big new garage with a new car. Take a course or two before you take the plunge with a home purchase. Be on the safe side and certain that you'll be able to handle the financial responsibility. Check the Real Estate section in your local weekend paper for courses on budgeting and finance. There were two articles in this week's Los Angeles Times that were conflicting on the answer to that question.
Some analysts say that the tax benefits of home ownership are minimal.
Clark likes home ownership but suggests that you approach the sale with little emotion and more of a business sense. Decide to live in the home for several years and continue to make wise improvements. Don't think that over improving a home or buying more house than you need will give you a better return on your investment. This takeover may be good news for all wireless phone users with eventual lower rates. Home ownership is encouraged and homeowners receive a special tax exemption when filing for a homestead exemption during the first year of ownership.