"As the economy continues to improve, more and more Americans are seeing their personal financial situations also improving. Instead of just getting by, many are now beginning to save and find other ways to build their net worth. One way to dramatically increase their family wealth is through the acquisition of real estate.
For example, let’s assume a young couple purchased and closed on a $250,000 home in January. What will that home be worth five years down the road?
Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists every quarter. They ask them to project how residential prices will appreciate over the next five years. According to their latest survey, here is how much value that $250,000 house will gain in the coming years."
"Over a five-year period, that homeowner can build their home equity to over $40,000. And, in many cases, home equity is large portion of a family’s overall net worth.
If you are looking to better your family’s long-term financial situation, buying your dream home might be a great option."
This article and photos are taken straight from Keeping Current Matters which could be found here.
YES!!! Purchasing a home is one of the very few safest ways you can build your family wealth. True, it is a long term investment, but one can never go wrong with investing in a piece of real estate. Is it possible that you might lose your home? Yes, if you don't manage your finances properly, it is possible to lose your investment. But then again, this is the case with ANY type of investment. Henceforth, with an assistance of a knowledgeable real estate professional, proper planning and a financial adviser, you WILL be able to build your family wealth by becoming a homeowner.
Start building your family wealth by, first, understanding the market. You can begin by creating a FREE account on my website, signing up for a FREE market analysis and continuous market updates. Click here to begin. You can also click here to see a sample of our FREE "Market Insider" services which will provide you with ample information within ANY zip code you wish to do market analysis for.