MARYVILLE, Tenn., — The decision to purchase a home is often the single largest buying decision a family will make together. Clayton Homes wants everyone to understand that the advantages of homeownership extend far beyond the wallet. Owning a home is a tradition that is at the heart of the American dream. From peace of mind, to family pride and a better lifestyle, being a homeowner has many long-term gains in addition to the major perk of avoiding monthly rent fees.
Whether a family owns a site-built home or a manufactured home, there are many valuable benefits that come with homeownership. Here are some of the top reasons to buy a home, from Clayton Homes, the nation’s largest homebuilder*:
Pride of ownership – there is a special pride that comes with knowing something is one’s own. A home owner can paint the walls, entertain guests, make changes and upgrades, and own a pet. These are the simple benefits of homeownership that often are not available to renters. Homeowners are able to create a living space that reflects his/her personal taste, which creates a great source of pride for many.
Positive lifestyle impact – the privacy that comes with being able to put up a fence or the joy that comes with hosting family events in the yard can be uplifting. Whether someone loves barbeques, gardening or watching children play in the backyard, owning a home has positive effects on the lives of people and their families.
Potential tax deductions – pride and happiness aren’t the only benefits of owning a home; it can also be a smart investment. Mortgage interest may be fully deductible on a homeowner’s personal tax return, and owning property may open up additional tax breaks. This spring when tax refunds are being calculated, renters should consider the long-term benefits of investing in both their financial future and future quality of life. Homeowners should consult their tax advisor to fully understand what savings they may be entitled to.
“Our company’s purpose is opening doors to a better life, one home at a time,” said Kevin Clayton. “Buying a home is a big decision, and we want people to know that it may be within reach.”
About Clayton Homes
Clayton Homes has built more than 1.5 million homes since 1956, winning multiple awards for design and construction. Through its affiliates and family of brands, Clayton Homes builds, sells, finances, leases, and insures manufactured and modular homes, as well commercial and educational buildings. As the nation’s largest home builder*, Clayton Homes is a vertically integrated Berkshire Hathaway company whose purpose is opening doors to a better life, one home at a time.
*Largest homebuilder in 2012 as of 7/26/2013, based on a comparison of the number of manufactured homes sold to the number of site built homes sold as reported by builderonline.com and the number of manufactured homes shipped as compared to all other manufactured home manufacturers as reported by the Manufactured Housing Institute.