Real Estate Blog - The Best Time to Plant a Tree

Home : Blogs : Mike Nastri Franklin TN Homes : Franklin TN & Nashville Area Real Estate Market

The Best Time to Plant a Tree

Thirty years ago we bought a house. We had saved and scrimped and were able to put 20% down on a $40,000 house. It was our dream house, in that the house we would raise our 3 girls and a boy. It was in the neighborhood where I grew up and it was the house I always dreamed I might someday own.

The house was 100 years old then and 2400 square feet with solid oak floors (perfectly level throughout), two fire places, a summer porch, a winter porch and it sat on a treed corner lot of a street with a center parkway. We loved it there.

Then I was transfered, packed up my family, sold
brand new house. My kids graduated high school
so we sold that house to move into our 3 bedroom

This photo and the one above represent a 25 year span and my daughters in front of that old house

our house, moved to Tennessee and bought a and and college in Tennessee, then moved out, condo.

Why am i telling this story? It is ancient history to any first time buyers. Well here is the money part of the story. The house we paid $40,000 for in 1979 sold for $105,000 in 1994. The new house we bought in 1994 at $144,400 sold for $225,000 in 2003. Was it a better time to buy a house 20 or 30 years ago? You bet it was. The lesson here is now is definitely better than it will be 20 years from now. The first house is the hardest to buy. After that you fold your equity into the next homes.

It is like the old proverb about planting a tree... The best time to plant a tree is twenty years ago, the next best time is today.

visit www.mikenastri.com

Visit Mike's Website --> Home Franklin Brentwood Nashville Maps

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Franklin TN - Home Search - Area and Market Report Index

Brentwood TN - Home Search - Area and Market Report Index

The opinions expressed by The Activerain Network and it's members and those providing comments are theirs alone, and do not reflect the opinions of Mike Nastri Keller Williams Realty - Franklin, TN neither Mike Nastri or the Keller Williams Realty Franklin office, which is independently owned and operated are responsible for the accuracy or content provided by The Community.

Links to Mike Nastri past Real Estate blogs, Listings, or Market Reports.

Contact Mike for the most recent listings and market information.

Blogged Listings, Market Reports, Opinions, Community News and Events

Mike Nastri Keller Williams Realty
9175 Carothers Pkwy Franklin, TN 37067
615.294.3912 MNastri@KW.com

Posted by Mike Nastri Franklin TN Homes on 11/08/2009 01:03 AM

Comments (4)

Building Equity by Buying Homes in the ActiveRain Channel

buying homes, first time buyers

Post is included in group: Nashville Real Estate
Post is included in group: Keller Williams Active Rain Bloggers
Post is included in group: Franklin tn Keller Williams
Post is included in group: Franklin Real Estate
Post is included in group: Condo Benefits

4 Comments on The Best Time to Plant a Tree

NOV

Mike, excellent story. The house we purchased here 30 years ago is worth much more today than what we paid for it.

Helping you live your American dream...

Hi Mike -- Housing over the long-term has always been a solid investment and since there is only a finite amount of land, it should do well, as long as people don't look at it as an ATM machine and a short-term stock to be traded with the assumption they will always make money.

Mike - If this is a lesson for your first time home buyers, I hope they are paying attention. Buying a house is not the same as investing in the stock market. You get to use it.

NOV

I once read an old proverb which read.......

The best time to plant a tree.......is NOW.

This blog does not allow anonymous comments