Utah County Real Estate - Benefits of Buying a Home
Buying a home is a very good investment. As a general rule, homes appreciate about five percent a year. Some years will be more, some less. The figure will vary from neighborhood to neighborhood, and region to region. Five percent may not seem like that much at first. Stocks, at times, appreciate much more, and you could earn over six percent with the safest investment of all, treasury bonds.
Presumably, if you bought a $200,000 house, you did not pay cash for the home. You got a mortgage, too. Suppose you put as much as twenty percent down - that would be an investment of $40,000. At an appreciation rate of 5% annually, a $200,000 home would increase in value $10,000 during the first year. That means you earned $10,000 with an investment of $40,000. Your annual "return on investment" would be a whopping 25%.
Of course you are making mortgage payments and paying property taxes, along with a couple of other costs. However, since the interest on your mortgage and your property taxes are both tax deductible, the government is essentially subsidizing you home purchase. Your rate of return when buying a home is higher than most any other investment you could make.
If you are moving to a home for the first time, you are going to be very pleased with all the new space you have available. You may have to even buy more "stuff."
Utah County Real Estate Utah County Homes Utah Homes For Sale Provo Real Estate WS Orem Real Estate WS Utah Homes 4 Sale Alpine Real Estate Alpine Real Estate Cedar Hills Real Estate Highland Real Estate Eagle Mountain Real Estate Springville Real Estate Utah County Real Estate Utah County Homes 4 Sale Utah County Real Estate 4 Sale Springville Real Estate Lehi Real Estate American Fork Real Estate Pleasant Grove Real Estate Utah County Realtor Alpine Homes for Sale American Fork Homes for Sale Lehi Homes for Sale Pleasant Grove Homes for Sale Saratoga Springs Homes for Sale Provo Orem Homes for Sale Utah County Realtors Mapleton Homes for Sale Utah County Realtor MLS Search Utah County Realtor Map Search Utah County Real Estate MLS Search Utah County Homes MLS Search Draper Real Estate, Draper Homes for Sale, Herriman Real Estate, South Jordan Real Estate, Sandy Homes for Sale, Salt Lake Homes for Sale, Eagle Mountain Homes for Sale, Eagle Mountain Real Estate, Eagle Mountain Realtor, Saratoga Springs Homes for Sale, Lehi Homes for Sale, Highland Homes for Sale, Cedar Hills Homes for Sale, Orem Homes for Sale, Provo Homes for Sale
Comments(0)