As the economy continues to improve, more and more
Americans are seeing their personal financial situations also improving.
Instead of just getting by, many are now beginning to save and find other ways
to build their net worth. One way to dramatically increase their family wealth
is through the acquisition of real estate.
For example, let’s assume a young couple purchases
and closes on a $250,000 home in January. What will that home be worth five
years down the road?
Pulsenomics
surveys a nationwide panel of over one hundred economists, real estate experts
and investment & market strategists every quarter. They ask them to project
how residential prices will appreciate over the next five years. According to
their latest survey,
here is how much value that $250,000 house will gain in the coming years.
Over a five year period, that homeowner can build
their home equity to over $40,000. And, in many cases, home equity is large
portion of a family’s overall net worth.
Bottom Line
If you are looking to better your family’s long-term
financial situation, buying your dream home might be a great option.
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