A lot of people dreams of buying a home and less people work hard to buy a home but fewer people actually expereinced the process of buying a home and fewer still are able to go through the process and own a home. The reason behind this is because buying a home is not a simple process; even working on being able to qualify for a mortgage takes years some years of hardwork. A lot of people also becomes frustrated on the amount of money that they need to raise in order to cover the downpayment, closing costs and other added costs that home buyers need to pay upfront. These same concerns are also the reasons why some people just tend to rent rather than work on buying their own house. However, you need to realize why you it is essential to buy a house. Here are a few things to contemplate why it is important to own a house:

Appreciating value - If you do some research and check the history of the market of real estate. You will learn that over the course of time real estate has always on an upward trend. Even if there are fluctations on the market, slowly it will go up again. Location also plays a vital role on determining the market value of the property but you can always count that real estate property more often appreciates which is why this is a good long term investment.

Building equity - As you check properties, for example you are looking through Punta Gorda homes for sale and settled on a certain Punta Gorda real estate property and began the purchasing process. As you pay your mortgage loan on your Punta Gorda real estate property you are building equity on your house. This equity can be used and be transformed into money for emergency purposes. For example you are in need of money, you have the option to borrow against your home's equity. It is a good thing that when you own your own house and have built equity on it you have additional option in case you badly need some money for emergency purposes, and if there's a very good opportunity to start a business.

Tax breaks - These are government initiatives to attract more people to buy a house. If you check the IRS website you can see a lot of tax breaks exclusive for home owners that are in good status when it comes to mortgage payments. These tax breaks may differ from time to time so make sure that you check the website and be informed on any updates and changes regarding tax breaks which at times can really be handy.

Capital Gain Exclusions - There are people who makes profit on real estate properties by excluding some amount of profit from capital gains. Usually you need to live up to two years and then sell it. This way you get all the money because once you sold the house it is tax free. This is also subject to changes depending on your situation and location.

Sense of Home ownership - Having a sense of home ownership is something that you can be proud of. You have a house where you can raise a family, you have a real estate property that can become an inheritance for your children. You have a house that you can do anything that you like in a sense that you are not limited by the policies of a landlord.

Buying your own house is definitely worth the hardwork and money saving that you may need to do for years. Having your own house is a great dream and a great goal and when you partner it with hardwork, money saving discipline your dream can become a reality and achieve your goal.