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.
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References in periodicals archive ?
The owner-occupier, on the other hand, must not only cope with any breakdown maintenance but also the general upkeep and still keep paying the mortgage, rates, utility and insurance bills.
Originally planned as two large buildings for rent, the project has developed into eight smaller units of either 1,400 sq ft or 2,100 sq ft for sale due to the high demand from owner-occupiers.
After realising that some of those named would probably no longer live at the same address, the authority sent out appointment letters to owner-occupiers.
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.
"This was then changed so that all letters are now addressed to the owner-occupier.
Sales director, Liz Herring said: "We have been thrilled with sales to date and the confidence the owner-occupier market is showing in the scheme."
``City living is now maturing in certain parts of the centre yet vital infrastructure is often key to a tenant or owner-occupier's quality of life'', says Donna Cooney of KMC Residential.
'The recent slowdown in the owner-occupier housing market has had a positive impact for buy-to-let landlords.