Homeowners

Homeowners are individuals or families who own the residential property they live in. This ownership typically includes the house and the land it sits on. Homeowners are responsible for the costs associated with their property, such as mortgage payments, property taxes, insurance, and maintenance. Owning a home can provide stability and the potential for financial appreciation over time, but it also involves responsibilities and risks. In many places, homeowners can modify their property, build equity, and sometimes benefit from tax deductions related to their mortgage interest and property taxes.