Buying a home in Salt Lake Is A Good Investement !

Buying a Home or Condominium in Salt Lake is still a good investment.

That's according to "The Presidents Message" that Chris, our outgoing UAR president published in the Salt Lake Tribune  a couple of weeks ago.

You may have missed it, with all the Real Estate news being about the end of the local Home Run 2  home financing grant and the beginning of a new $8,000 first time home buyer federal tax incentive. 

Chris made some very valid points that I thought might help someone, as they decide whether or not  now is the time to look at Salt Lake Homes for Sale.

For example:

The rate of return on a housing investment also increases the longer it is held, according to Harvard University's Joint Center for Housing Studies.  For example, an owner with a 10 percent down payment whose home appreciates at an annual rate of 5 percent generally will receive a 94 percent return on that cash after owning the home only three years. After owning for five years, the return on the down payment increases to 225 percent. After 10 years, the rate of return jumps to 623 percent.

Since World War ll, home prices have appreciated about 4% per year.

Home Owners enjoy appreciation of the entire house value while only investing a small per cent of cash.

Home Owners can deduct Mortgage Interest and Taxes paid from Taxes owed.

Rental payments can increase year after year. A fixed rate mortgage remains the same over time.

Buying a home in Salt Lake City can provide a sense of stability and security.

To discover other reasons why buying a Salt Lake home is a good investment stop by our website @ Salt Lake Real Estate or subscribe to our blog, SLC Home Buying Info.

If you want to search for homes for sale in Salt Lake City , you can find over 9,000 home listed on the MLS in one spot. It's free, It's current, and will let you see prices of Condos in Murray UT, directions and maps to New Homes @ Daybreak in South Jordan, Horse property or foreclosures in Herriman Utah, or town homes in West Jordan Utah..

Or you can just pick up the phone, and call us to talk about Utah Real Estate, or why buying a home in Salt Lake City is a good investment.