1. Save on your income tax.

Yes, something good can come out of income tax. Due to income tax deductions, the government subsidizes your home purchase. Therefore all of the interest and property tax you pay throughout the year can be deducted from your gross income tax. A nice perk.

2. A Hidden Savings Account.

If you are anything like me, you can't save money to save your life. Seriously, my fiancee covers all of that, thank God. With being a home owner you actually save money two ways :

Each month a portion of your payment goes towards the principal, so not much at first but after 20 or so years, well you do the math. It will add up.

Homes (if properly kept) appreciate in value. Again not much at first but the average appreciation value is roughly 5 - 6 percent. This by the way is per year. It is said owning a home is one of the very best financial decisions to make.

3. Your monthly payment is fixed.

How so you ask? Have you ever rented an apartment or a condo or a house for that matter? Chances are you probably have. Then one day a knock on the door and the landlord says "Hi, I am raising the rent" Great!!! He needs extra cash or whatever, you flip the difference, and if you do the math even $20 more a month is still $240.00 out of your pocket. You buy a home you get a fixed price, a fixed monthly payment for ten or twenty or thirty years. Even if its adjustable it won't go up much. So really, what makes more sense here, investing in property for yourself or paying for someone else's?

4. Location, location, location.

Or in this case...space, space, space. No more little 2 bedroom apartment where your back yard is an 80 foot drop to the cement. More areas for more things, recreation or study. Whatever you need you can have.

5. And last but CERTAINLY NOT LEAST.

Freedom!!! Need I say more?

Well there you have it the Top 5 Reasons to Buy a Home. The very reasons my agent convinced me to buy a specific house when I had no money for the down payment. Speaking of.....

Check out the next issue where we will cover "How to Buy a House with No Money Down".

Until then