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What If Your Home Doesn't Appreciate in Value?


Most people see their homes as a place to live and as an investment, but the real estate market is volatile and in some areas home prices may not rise for some time. While that could make home ownership less attractive, there are still benefits. While any increase in value may be offset by inflation, your mortgage payments do create a form of “forced savings.” In addition, home mortgage interest is tax deductible, reducing your tax liability.

In some cases, renting is a better financial move than buying, but make sure you evaluate all the pros and cons – both financial and non-financial – so you make the right decision for you and your family. You may not make huge profits through home ownership, but at least your payments will go towards your equity, not your landlord's.

Personal – Homebuying and Refinancing

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This article contains general information only. Sunflower Bank is not, by means of this article, rendering accounting, financial, investment, legal, tax, or other professional advice or services. This article is not a substitute for such professional advice or services, before making any decisions related to these matters, you should consult a qualified professional advisor.