Home Ownership

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Home Ownership

The state of owning one's primary residence. Homeownership gives the owner a stake in his/her neighborhood or town's long-term stability, and is a significant investment. The U.S. federal government thus attempts to encourage homeownership by allowing owners to deduct the interest on their mortgages from their taxable income.
References in periodicals archive ?
Of these, 1,800 homes being repossessed had belonged to owner-occupiers, while a further 700 had been buy-to-let properties.
Patrick Matheson, associate of property consultants Knight Frank in Newcastle, said: "There is strong interest in the remaining units from a mixture of owner-occupiers and tenants.
The vacant positions are for a council tenant in Bedworth and an owner-occupier (someone who has bought their council property) in Nuneaton.
While tenants currently in the building are potential buyers, other owner-occupiers or third-party investors are also candidates.
Out of Britain's 18 million owner-occupiers, some 12 million have a mortgage.
APRIL 6 next year has been branded A-Day - a time when pension changes may result in business owner-occupiers becoming near-extinct, warns property investment specialist Assetz.
Mr Stern claimed her housing association Solon was changing the character of the Bristol owner-occupier area by moving in bad tenants.
It takes a major mindset to go from being a tenant to an owner-occupier and, because of that, many homes are not well-maintained.
As revealed by the Echo earlier this month, some of the letters to householders asking them to make appointments for surveys went to named individuals rather than the owner-occupier.
Richard Hardy, partner at Evans & Hardy, said: "The emphasis in the market at the moment is very much on the owner-occupier sector and we've already got one unit at Corunna Court under offer.
Cardiff Harbour Authority has admitted it had sent out some letters in the name of the house occupier when the original surveys were carried out rather than to the owner-occupier.
Alan Chatham, director, said: "The investor-led apartments have been designed to provide the best returns on investment whilst the owner-occupier apartments have larger square footages and more added extras such as balconies and parking.