Buying a home really builds your investment portfolio. Most people want to grow their personal wealth as quickly as possible. A very powerful and popular tool inside your investment portfolio should be real estate. While stocks and bonds may rise and fall quickly, real estate traditionally is less risky with hard collateral in hand.
So how much does home ownership pay? According to Pulsenomics’ most recent Home Price Expectation Survey., home prices over the next five years are expected to appreciate 3.64% per year on average and to grow by 18.4% cumulatively. Not too bad of an investment choice.
So how does this work and how is home equity working for homeowners? Oh it is such a beautiful and simple thing. As time progresses and sales prices are pushed up, the homeowner gains equity. Even without doing any upgrades or improvements. The rate of this price acceleration is not constant and many factors can contribute to the calculation. A housing inventory shortage is one factor that would push sales prices higher and encourage competition. Nationally, we are currently in a sellers market, meaning there is less than six months inventory available.
Here is a great situation of real estate working for the homeowner. As an example, let’s assume a young couple purchased and closed on a $250,000 home in January. If we look at only the projected increase in the price of that home, how much equity will they earn over the next 5 years?
As you can see, home ownership is a major player in almost any successful investment portfolio. And while you may buy stocks, bonds, and mutual funds; only real estate leaves you with hard collateral in your hand.
All real estate is local. York County South Carolina has a lot to offer. Whether you want to visit the lakes, or be entertained you will not be let down. York County also has medical centers and higher education centers available. If you are thinking of making a move, give us a call. We have the deep community roots and network to help you find your next home. We can show you all of the beautiful areas of York County.
We would like to invite you to visit ArbieTurnerHomes.com. We specialize in the Rock Hill, Fort Mill, Indian Land and Tega Cay areas of South Carolina. We have made available tours of subdivisions in each city for your review. We are deeply knowledgeable of these areas, which is why you want to choose us for your real estate needs.
Courtesy of Arbie Turner Homes Keller Williams Fort Mill SC
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