Investment Benefits of Home
Homes generally appreciate around 5 - 9% per year. The
percentage will vary from area to area, city
to city, and region to region. Although 5% may not seem like a significant
amount at first, think about this - a 5% increase on a $100,000 investment
is $5,000 dollars earned by you on your "borrowed money" (mortgage) per
year. Not too shabby huh?
Statistics show that the rate of return when
purchasing a home is higher than almost any other investment you could
venture into, including the stock market. Homes typically will not decrease
in value overnight like a stock can.
Did you know..
The interest portion paid on your mortgage and your yearly
property taxes are tax deductible?
The government is essentially subsidizing your home purchase!