Investment Benefits of Home Ownership
Homes generally appreciate around 5 – 9% per year. The percentage will vary from area to area, city to city, and region to region. Although 5% may not seem like a significant amount at first, think about this – a 5% increase on a $100,000 investment is $5,000 dollars earned by you on your “borrowed money” (mortgage) per year. Not too shabby huh?
Statistics show that the rate of return when purchasing a home is higher than almost any other investment you could venture into, including the stock market. Homes typically will not decrease in value overnight like a stock can.
Did you know..
The interest portion paid on your mortgage and your yearly property taxes are tax deductible?
The government is essentially subsidizing your home purchase!