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 purchased and closed 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.
Buying a home can be daunting, but in the long or even short term of finances, it has always been one of the best investments you can ever make. Especially in the Hollister Area!
About Seth Muenzer’s Real Estate Blog: The above article“How Does Housing Help Build Family Wealth?” is hosted by the Seth Muenzer, the owner of www.sethmuenzer.com. If you’re thinking of selling or buying, I would love to share my knowledge and expertise.
Servicing the following San Benito County areas: Hollister, Ridgemark, Tres Pinos, San Juan Bautista, Aromas as well as Santa Clara County, Gilroy, San Martin and Morgan Hill.
