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Thinking about buying a home in the Milwaukee and surrounding areas? Whether you've never owned before, or it's been a while since you purchased, let's go over the pros and the cons. Hi, I'm Rich Barnes, owner/broker of Realty Experts in West Allis, Wisconsin, and let's review the pros first. Number one. Your wealth can increase as you build equity in your home. Research from the experts and economists, from the Home Price Expectations Survey, they believe that we're going to continue to see an increase in home equity through 2023. Number two. You gain tax advantages. Mortgage interest is deductible as per the IRS code. This can be a significant tax advantage when owning a home. Number three. According to CoreLogic, rents are going to keep going up. Number four. You can stabilize your payments. Monthly payments are relatively steady if you have a fixed rate interest loan, while your landlord can increase the rents anytime he wants. Number five. You'll have a secure place for you and your family to live and grow. Number six. You gain the sense of community. Now, I have to be honest with you, I can go over about a hundred more of these benefits of owning a home, but let's think about some of the cons that you need to think about when purchasing a home. Number one. Maintenance costs. It takes work and money to keep a home in good condition. It's like when you own a car, you don't change the oil, then the car can blow up. A home is really no different. Number two. You can tie up your cash. Selling a house may not be as easy during the first few years of ownership. Number three. Your home is a good long-term sound investment but it's not easy just to get up and move. So, there you have it. Buying a home can be very exciting and also a little bit scary. So, call me here at Realty Experts and let us guide you. We'll take all the worries and all the pressure, so that you can make an informed decision. And as always, you can relyonrich.com. Thanks, and you have a great day.