Duplex Purchase a Good Idea!
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Buying a duplex has long been a way for people with modest incomes to become homeowners.
Besides having rent from a tenant to help pay the mortgage, there are tax benefits for duplex owner-occupants. They can homestead the entire property, cutting the tax bill. And they can deduct the cost of repairs, improvements, and other expenses for the tenant’s half.
The price of duplexes has risen in the last several years, but the numbers still add up for many prospective duplex buyers.
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Buying Services for Morris area Home Buyers
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Congratulations! You have decided to purchase a home, or are thinking about buying one. You'll be joining the ranks of hundreds of families who realize that home ownership offers a number of benefits including building equity, saving for the future, and creating an environment for your family. When you own your own home, your hard-earned dollars contribute to your mortgage. The equity you earn is yours. Over time, your home will increase in value.
In the following reports, you'll find the information you need to make a wise buying decision. We'll take you through the planning process step-by-step , to help you determine which home is right for you. You'll find a host of informative articles on mortgages, viewing homes, the offer, closing details and moving.
Please contact me if you have any questions about buying a home in Morris, Grundy County, or elsewhere in Illinois. | Below, select desired reports and complete the form provided.
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