This is the magic of becoming a homeowner and owning a piece of real estate.
Real estate investments, like your home, appreciate over time.
Assuming an average 3.7% appreciation rate, a $500,000 home will appreciate to $525,000 in just a year and a half.
That makes up the money you put down as a $25,000 down payment–probably way faster than you could have otherwise saved that cash back up.
Plus, your home’s appreciation adds to the equity that you’ve built up between your down payment and your mortgage payments.
When you go to sell your home down the line, you get a hefty return which you can then use to buy your next home.
Renting just can’t do that!
Want to talk more about the financial benefits of home ownership and how you can use real estate to build your wealth? Connect with me and let's chat!
