Buy A Home NOW To Build Your Family Wealth

Dated: 04/17/2018

Views: 182

Over the next five years, home prices are expected to appreciate, on average, by 3.6% per year and to grow by 18.2% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. Team Nest Builder wants you to understand what that means for homeowners and their equity positions.

Buy a home to build your family's wealth!


As an example, let’s assume a young couple purchased and closed on a $250,000 home this January. If we only look at the projected increase in the price of that home, how much equity will they earn over the next 5 years?

Rising Prices Help You Build Your Family’s Wealth | Keeping Current Matters

Since the experts predict that home prices will increase by 5.0% in 2018, the young homeowners will have gained $12,500 in equity in just one year.

Over a five-year period, their equity will increase by over $48,000! This figure does not even take into account their monthly principal mortgage payments. In many cases, home equity is one of the largest portions of a family’s overall net worth.

Bottom Line

Not only is homeownership something to be proud of, but it also offers you and your family the ability to build equity you can borrow against in the future. If you are ready and willing to buy, contact Team Nest Builder’s Lynn Garafola TODAY at (973) 222-3777.

Liked this article?  Check out our blog for loads of helpful information on real estate, home improvement and community events!


Source: KeepingCurrentMatters.com






Latest Blog Posts

Find Out If Your Home Increased In Value

Home values rose dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices increased by 6.2% year-over-year.CoreLogic

Read More

DOUBLE Sparta OPEN HOUSES Sunday In Lake Mohawk And Sparta Mountain

It's a double OPEN HOUSE weekend in Sparta!  Find your dream home Sunday, September 23rd from 1-3pm!Perched handsomely on an acre in the beautiful Sparta Mountain community, 

Read More

Donate Today To Help Victims Of Hurricane Florence

Today, residents along the Carolina Coast are picking through what remains of their homes. Others continue to face the threat of flash floods as Hurricane Florence, now a tropical depression,

Read More

Buying A NJ Home Should Not Be As Stressful As Planning A Wedding

Highlights:According to a new survey from Open Listings, 62% of Americans ages 25-54 believe that buying a home is more stressful than planning a wedding.Many young couples are saving for a wedding

Read More