HOW OWNING A HOME CAN GROW YOUR WEALTH WITH TIME.......This article does a good job of pointing out and demonstrating how home ownership is a great way to build personal wealth. Having been in the mortgage business and real estate business since 1976, I admit that I'm a bit biased regarding home ownership as an investment. But over these last 47years, I've seen real estate enhance my life and my clients' lives immensely. I think of the first home that Cheryl and I bought in 1976, right after we were married. It was $52,000. Oh, how I wish that I still had it, as it's probably worth $500,000 plus, today. Over the years, we've always bought, sold and bought. Which is what most homeowners have done. With the exception of a few down years, home prices have increased. When you look at it over 10, 15, 2, 30 years, the appreciation is substantial. So, whether or not you buy, sell and buy or just hold on to your home/homes, the odds are...you'll win financially.
How Owning a Home Grows Your Wealth with Time [INFOGRAPHIC]
- If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership.
- Over time, homeownership allows you to build equity. On average, nationwide home prices appreciated by 290.2% over the last 32 years.
- That means your net worth can grow significantly in the long term when you own a home. Let’s connect so you can start your homebuying journey today.