The Benefits of Homeownership

Appreciation

Historically, real estate has demonstrated long-term, stable growth in value, making it a reliable hedge against inflation. For example, census data shows that the median home price increased from $172,900 in Q4 2000 to $417,700 in Q4 2023—an average annual appreciation of over 6%.

Equity

When you rent, every dollar spent is money you’ll never get back. In contrast, making monthly mortgage payments allows you to build equity and increase your ownership stake in your home over time.

Tax Benefits

Homeownership also comes with potential tax advantages. If you itemize deductions on your federal tax return, the U.S. Tax Code allows you to deduct mortgage interest, property taxes (up to $10,000 under current tax law), and some costs associated with purchasing a home. However, tax laws can be complex, so be sure to consult with your accountant to determine if itemizing is beneficial for you.

Savings

Building equity in your home acts as a built-in savings plan. Furthermore, when it’s time to sell, you can generally exclude up to $250,000 in capital gains ($500,000 for married couples) from federal income taxes. The IRS provides specific guidelines to help determine eligibility for this exclusion.

Predictability

Unlike rent, which can increase annually, a fixed-rate mortgage provides stable monthly payments. As a result, your housing costs may become a smaller percentage of your income over time. However, it’s important to remember that property taxes and insurance costs may still rise.

Freedom

Owning a home means having full control over your space. You can personalize it with your choice of décor, upgrades, and amenities to suit your lifestyle—without needing a landlord’s approval.

Stability

Finally, homeownership provides a sense of stability. Staying in one neighborhood for several years allows you and your family to build lasting relationships within the community. Additionally, it offers children the advantage of consistent educational and social environments.

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© 2025 Century 21 Real Estate LLC. All rights reserved. CENTURY 21®, the CENTURY 21 Logo and C21® are registered service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them & cooperate fully. Any affiliation by you with Century 21 Real Estate LLC is intended to be that of an independent contractor sales associate.

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The information being provided by Coeur d'Alene Regional Realtors is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Coeur d'Alene Regional Realtors. Beutler & Associates is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Beutler & Associates, a broker participant of Coeur d'Alene Regional Realtors. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Coeur d'Alene Regional Realtors and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by Selkirk Association of Realtors is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Selkirk Association of Realtors. Beutler & Associates is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Beutler & Associates, a broker participant of Selkirk Association of Realtors. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Selkirk Association of Realtors and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.