I’ve Got 141,151 Reasons to Buy a Home Today

I’ll be honest; retirement scares me.

Not because I’ll have nothing to do (I will be the lady traveling to every corner of the world and eating all the yummy local food), but because I worry I won’t have the necessary funds to retire. My situation is a bit different as a Realtor; I don’t have a company 401k and corporate isn’t matching what I invest every year, but I am willing to bet I’m not the only one out there wondering how to build wealth.

So, what have I done to increase my capital? I became a homeowner (I know…shocking!).

Homes appreciate. In fact, most experts are calling for home prices to continue growing over the next several years. The most recent Home Price Expectation Survey, a survey of over one hundred economists, real estate experts, and investment and market strategists, expects home appreciation to increase as follows:

2021: 6%
2022: 4.5%
2023: 4%
2024: 3.6%
2025: 3.5%

The graph below shows the equity build-up a purchaser could earn using a $600,000 home as an example:

Homeowners are going to make a substantial amount of money in home equity over the next five years; they could increase their net worth by over $141,000 in five years. That’s an average of $28,000 annually.

Whether you’re thinking about retirement or simply thinking about buying vs. renting, I can’t think of a better time to become a homeowner than now.

Arynne

PS- If you’re serious about buying a home this year, let’s connect. Click here to book a real estate possibility call and let’s develop a winning strategy for you this year!