Is It Worth Investing In A Home?
The real estate has been a wild ride since COVID hit us in 2020. If you’re facing the decision of buying your first home, or considering making a move to your next home, you might be wondering… is it really worth it?
Is It Worth Investing In A Home? We look at the facts.
Investing in a home is a major way to build generational wealth and gain financial stability. For most homeowners, the equity in their home is the largest part of their net worth.
“Homeownership is the largest source of wealth among families, with the median value of a primary residence worth about ten times the median value of financial assets held by families. Housing wealth (home equity or net worth) gains are built up through price appreciation and by paying off the mortgage.”
— NAR
One of the biggest benefits of owning a home is that it provides financial stability and an avenue to build wealth. The data shows these benefits are applicable to homeowners of all income levels.
Instead of being tied to rising renting costs, owning a home lets you directly contribute to your financial future.
