Benefits Of Home Ownership
Plain and simple, owning a home can improve your quality of life, provide stability and give you a sense of control you just can't get from renting. You have a place to live when you rent, but buying is something much deeper – and better.
The intangibles are tough to measure, but there are other benefits you can quantify:
Financial investment:
Your monthly mortgage payment creates equity for you, not your landlord.
The interest on your mortgage is a tax deduction:
While this isn't a reason in itself to buy a home, it's nice to get a break at tax time.
Fixed monthly housing payment:
If you opt for a fixed-rate mortgage, the monthly rate of your mortgage won't change for the length of the term.
Tax-free gain:
When it's time to sell your home, you don’t pay taxes on the proceeds of the sale that are above what you paid (with some restrictions – see information on capital gains).
TIP:
Look for a house you can stay in long-term; one that will “grow” with your family and needs. The financial benefits of owning increase over time.Look for an agent who understands your lifestyle. Make sure the agent knows the neighborhoods you're interested in, and can answer questions you'll have about the location.
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Local Expert Updates
Greg Sheeler
Cell: 712.330.1573
Aaron Jones
Cell: 712.320.9442
Brooke Jones
Cell: 641.420.2172
Janie Eick
Cell: 712.339.0574Community Updates
Studio 1328
Looking for a photographer for your wedding or event in Okoboji? Need to update your family photos? What about branding or marketing assistance with your business? Studio 1328 offers it all! They are a mulit-faceted creative studio focused on the needs of their customers and the demands of today's market. Jen does everything from your newborn's photos to your new webpage for your business. Check out not only her studio webpage, but also her Okoboji magazine, Lake Life! http://www.lakelifeokoboji.com
Vintage Block Inn and Suites
Conveniently located near all the great Okoboji attractions, Vintage Block is a great hotel for your stay in Okoboji. The hotel offers 54 guest rooms, including 14 large family suites that can lodge up to 10 guests. Jump start your day with our complimentary breakfast including Belgium waffles, fresh fruit, yogurt, cereal and beverages and more! On-site have fun and relax with our outdoor swimming pool and gazebo, surrey bikes and green space with fire-pits, grills and games.The hotel has recently been renovated and includes a Lake Okoboji feel with the use of reclaimed dock wood. Rated as the #1 hotel in Okoboji on Trip Advisor, you can't go wrong when choosing to stay at Vintage Block Inn and Suites.
Lake Park Housing Authority
In 2013 the Lake Park Housing Authority was established to provide assistance to low and moderate income housing. The Dickinson County Board of Supervisors voted to release over $400,000 of TIF monies from two housing development projects to the Lake Park Housing Authority. The housing authorities goal is to preserve the Lake Park housing Stock, ensure safe housing and give assistance to rehab dwellings in Lake Park, increase owner occupied housing, down payment assistance. Funds of up to $25,000 are available for eligible applicants.