Nearly every home buyer has his or her own reasons for wanting to own a home. If you're currently renting, perhaps your biggest motivation is the chance to build equity in an investment that will only appreciate over time. Tax breaks are another major motivator for many first time home owners. You can deduct your interest, property taxes, and some of the initial costs of home ownership. Additionally, owning a home offers you a level of unimaginable stability. Remaining in one neighborhood for several years gives you a chance to participate in community activities and allows you and your family to establish lasting friendships and relationships.

If you're already a homeowner, but you're considering a new home, you may want to ask yourself the following questions:

1. How much equity do you have in your home? If you have lived in your home for a number of years, you may have significant unrealized gains.

2. Has your income increased enough to cover the extra mortgage costs and the cost of moving?

3. Does the neighborhood still suit your needs?

4. Can you add or remodel, and if so, would it be cost effective?

5. What are the trends in the market? Is it a seller's market or a buyer's market?

Choosing to buy a home can be a difficult process. Contact Claremont Realty Group to help you make informed real estate decisions.

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