Owning your own home. Some might say that it is a crucial part of the American dream. Some may say that it is a pie in the sky proposition. We say that it is anything but a dream and that it is closer to your reach than you think. In today’s blog, we’re going to explore just why you should strongly consider buying a home in 2022 and 2023 (and beyond) and why there are more benefits to owning your own home than there are drawbacks. Hop into the comments and let us know if you are curious about buying a home or if you have bought one recently and want to share your experience. We can’t wait to hear from you.
Long Term Financial Benefits Of Owning A Home
Once you buy a home and the surrounding property, it’s yours! What does that mean? It means that any value that accrues in the prevailing months and years is yours to keep. Buying a home isn’t just securing a place to sleep and spend time, it’s a financial instrument that will help you and your family build your portfolio for years to come. In that sense, it’s pulling double duty!
Look at it this way, over the last 30 years, the average home in the United States has appreciated in value over 290% and in some places as much as 621%! That’s a return on investment that would make stock market traders drool. Most portfolios are considered to be doing well if they are seeing a 10% return on investment over that same time period. In short, owning a piece of property is typically a winning proposition.
Investing In Your Future
Legendary real estate mogul Will Rogers once said: “Don’t wait to buy real estate. Buy real estate and wait.” A pretty sage saying for sure. What does it mean to you? For us, it means that there is no time like the present to buy a home so that you can start accruing value as soon as humanly possible. Owning a home is so important to your portfolio but also is important in its longevity. Once you buy it, it can technically stay in your family forever. That is a kind of peace of mind that is hard to come by these days.
Early New Year’s Resolution: Become A Homeowner In 2023
Imagine being able to spend the next holiday season in your own home! You could host family and friends and sleep better at night knowing that you are always investing in yourself each month with every mortgage payment. This holiday season, why not give you and your family the gift of stability and the possibility of better financial security?
For The Road.
Owning a home is like owning a piece of history. It can be a daunting task at first, but there are many different ways that your dream of homeownership can be achieved. Wondering how to accomplish that? Give us a call! We would love to talk to you and to help you along the buying process every step of the way.