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Why Sellers Choose Mark Zoltanski - Why home sellers in Lake Norman, Charlotte and Surrounding Areas choose Mark Zoltanski. Free Presentation - Free in-home listings presentation on marketing your Lake Norman, Charlotte and Surrounding Areas, in Mecklenburg County North Carolina property. Property Valuation - How much is your Lake Norman, Charlotte and Surrounding Areas home worth? What Did That Home Sell For? - What did that Lake Norman, Charlotte and Surrounding Areas, North Carolina property or other real estate sell for? FSBO - Selling your Lake Norman, Charlotte and Surrounding Areas real estate on your own? Go to Main Sitemap - Main sitemap sections include Find Lake Norman, Charlotte and Surrounding Areas Homes, For Home Buyers, For Home Sellers, Lake Norman, Charlotte and Surrounding Areas Information, Real Estate Resources, and About Mark Zoltanski.
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First Time Buyers >The Real Bottom Line
An important part of buying a house is sitting down with your real estate agent or a mortgage lender to get a clear idea of how much you can afford. They will add up all of your monthly expenses, the mortgage payment, insurance, real estate taxes, homeowners or condo association fees--and the grand total can throw you into shock!
The important thing to remember is that the grand total isn't really the bottom line. When you add your tax savings to the equation, you may be pleasantly surprised. During the early years of your loan, almost all of the mortgage can be deducted from your state and federal income tax. The same is true of your real estate taxes. If you use part of your house as a home office, you may be able to qualify for additional tax savings. In some areas, homes with ground floor apartments are popular for offsetting part of the mortgage and offering even more tax savings.
When you make calculations about the monthly costs that include the tax savings, you may find that owning your own home is less expensive than renting a house or apartment of comparable size.
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| Q |
Where and when was the first motel introduced on the American commercial real estate scene?
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| A |
The first motel, appropriately named the "Motel Inn", opened in San Luis Obispo in 1925. |
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