Benefits of Home Ownership Oakland County Credit: Owning a home helps you establish financial credibility. Independence: Enjoy greater privacy and freedom—paint walls, plant flowers, and live your lifestyle without rental restrictions. Investment: Every payment builds equity. Most home improvements also increase your property’s value. Pride: Your home is a reflection of your values and lifestyle—something to take pride in. Security: A home can be a hedge against inflation, gaining value as prices rise. Stability: Homeownership connects you to your community, offering a stronger sense of belonging. Tax Advantages: Mortgage interest, closing costs, and property taxes may be deductible on your personal income tax return. Schedule A Tour