Are you considering buying a home in Central Pennsylvania? With mortgage rates at historic lows and special programs offered by the government, there are lots of reasons to buy, especially if you're a first time home buyer.  Coldwell Banker Select Professionals is posting the following list of five reasons to buy a home in order to provide some incentive for you to begin your home search.

1. Appreciation:  While the real estate market is cyclical, the general trend over time is for a home to increase in value.  This means buying a home is truly an investment for the future.

1. Pride in Ownership:  Owning a home gives you and your family a sense of security and pride—you have a place to call your own where you can do what you like.  You can paint the walls any color, landscape to your liking, and remodel the bathroom without asking for someone else’s permission.

1. Reduce Income Tax:  As long as the balance on your mortgage is smaller than the price of your home, you can deduct mortgage interest on your tax return.  You can also deduct what you spend on property tax.

1. Build Equity:  As you pay off your mortgage, you are building equity in your home, which will serve you well in the future.  As a renter, you are throwing money away—the monthly rent you pay makes no investment in your future.

1. Interest Rates:  The current combination of low interest rates and high inventory makes it an ideal time to buy.  If you decide to wait, interest rates could increase, which will result in a high monthly payments.

Please contact Coldwell Banker Select Professionals if your looking for personal service and have questions regarding buying a home in Lancaster PA, York PA, Harrisburg PA, Lebanon PA, Hershey PA and Cumberland County PA.  Be sure to connect with one of our agents at www.cbselectpros.com.  We have local offices serving all of Lancaster, Lebanon, York, Hershey, Harrisburg, and Cumberland County PA.  Get started on your search today!