This is a picture of my first home, I purchased it in Denver Colorado in 1993 and I paid a whopping $67,000 for this 2 bedroom 1 bath brick bungalow west of downtown Denver. I was 23 years old and didn't have a clue of why I wanted to buy a home, it just seemed like a good idea.
It turns out that good idea completely changed my entire financial future. I kept the home until 1998 and SOLD it for $149,000, an $82,000 increase in value. Over the next 7 years I owned multiple homes in Denver and kept gaining equity through home ownership.
In 2005 my wife and I chose to relocate to Overland Park and the equity gained from our homes in Denver allowed us to build our dream home, a home that we have lived in for 15 years and raised our 2 children.
If you are a first time buyer and wondering if home ownership is right for you? Consider the long term investment returns that real estate provides, the stability it can provide you and your family and the bellweather against inflation that homeownership provides.
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