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IS BUYING A HOME A GOOD INVESTMENT?

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Real Estate Agent with Real Estate Group of Cenla

IS BUYING A HOME A GOOD INVESTMENT?

Buying a home is probably the best investment in today's market. It is just like any investment after purchase you must stay in it for a min of 5 years in today's market to see your investment bring a return. I would see a mortgage broker who can give you pointers on how long if your planning to sell .To not only get your down payment back but also see a return on the investment of selling your home later. As any investment you will need to watch over it, meaning maintaining the home such as  maintaining good repair, landscape cosmetic detail and the integrity of the sturdiness of the home. After all a home that has curb appeal sells faster than one who does have it. Buying a home a the right price is also very important. Buy using a Licensed REALTOR® you will eliminate the possibility of buying a home over its value, to get you a good well built home for the right price.

HOME INVESTMENT

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Robert Rauf
CMG Home Loans - Toms River, NJ

Robert, I cant view your graphic... but I agree, in the LONG run a home is a great investment for so many reasons.  Short run it may not be in today's market unless you are an experienced flipper.  Just keep in mind that it is a home first and you need to be sure you will be financially comfortable with the monthly payment, and you will be rewarded in many ways!

Jan 06, 2011 03:00 AM