| 1. |
You build equity in your property that may allow you
to sell at a profit.
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| 2. |
You can deduct mortgage interest and property taxes
on your return.
 |
| 3. |
You can rent your property to produce income.
 |
| 4. |
Under the new tax laws, you can often defer taxes on
your profit when you sell.
 |
| 5. |
As a single person, you have a $250,000 tax exemption.
 |
| 6. |
As a couple, you have a $500,000 tax exemption.
 |
| 7. |
You are protected against rent increases.
 |
| 8. |
You can get more living space, and you can remodel
to your heart's content.
 |
| 9. |
You can borrow against your home's equity. |