Readers discover what the financial benefits are of owning a home during tax season on the Bill Beazley Homes blog.

Evans, GA -- (SBWire) -- 02/18/2015 --Each year around the same time, Bill Beazley Homes reminds their clients of the financial benefits of homeownership during tax season. "A dreaded time for many, tax season is actually a great time for new home buyers, as they get to reap many exciting deductions and other benefits which are denied to home renters," says Bill Beazley Homes.

To start, Bill Beazley Homes explains how homeownership can build wealth, equity and savings. "The truth is owning a home is and always has been a great move financially speaking--but only if you buy a home you can afford," says Bill Beazley Homes. It's important that homeowners stick to a budget when choosing their home. By sticking to an affordable budget, homeowners can continue paying their mortgage payments, a portion of which will reduce the money owed on the home and increase their equity. Bill Beazley Homes says, "paying the mortgage every month is kind of like a forced savings plan because in a sense you are building up more valuable equity in your home."

Those who own their home can also qualify for several mortgage tax deduction benefits including a mortgage deduction, closing cost deduction, and property tax deduction. Combined, these amounts can usually amount to a hefty deduction.

In addition homeowners qualify for tax deductions on home equity lines of credit and a capital gains exclusion. The tax deduction helps homeowners get out of paying horrendously high credit card interest rates, while the exclusion assists homeowners whose homes may have appreciated in value since the time they were purchased.

Finally, Bill Beazley Homes adds that buying is still cheaper than renting in the long run. "As the interest portion of your mortgage decreases, the interest you will pay will be lower than the rent you would have been paying," says Bill Beazley Homes.

To read the full article, please visit: http://www.billbeazleyhomes.com/6-benefits-owning-home-tax-season/

About Bill Beazley Homes
Bill Beazley Homes has been building homes in the Augusta, Georgia area for over 40 years. They offer superior homes for sale in Augusta, GA as well as homes for sale in Aiken SC, and they have an excellent reputation for superior craftsmanship. Their professional home builders are committed to customer satisfaction and constantly improving the process of home building. With an excellent warranty program, decades of experience, and customer service that cannot be matched, Bill Beazley Homes is the homebuilder of choice in Augusta, Georgia and Aiken, South Carolina. For more information on new homes please contact Bill Beazley Homes at 706-863-4888 or email at info@billbeazleyhomes.com.

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