Homeownership Home Value And What It Feels Like To Own Your Own Home And Investment

Homeownership Home Value And What It Feels Like To Own Your Own Home And Investment

Homeownership, home value, and what it feels like to own your own home and investment.

There are not many investments that a bank will lend on but homeownership is one they feel like is a good one and its the easiest way to borrow money and invest if you follow the rules.  Everybody needs a nest, you have to have somewhere to live, its an investment.  When you buy a home its more than just having a roof over your head, its pride of ownership, its a wealth builder, its a place to meet with family and create memories.  I'm Jay Bru and I've built my wealth through Real Estate.  I own 18 units myself and am included in 119 A Class multi-family.  I have 3 property managers, 1 Airbnb, and sell real estate full time.  You can own real estate with minimal hours put in while working a full-time job or travel.

Home value is where you work, where your family is, access, and being central!!!

Value = what price a buyer is willing to pay and a price a seller is willing to accept.

 

How to Simply Increase Your Family Wealth by Paying for Housing


Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth.

Every month that you pay your mortgage, you are paying off a portion of the debt that you took on to purchase your home. Therefore, you own a little bit more of your home every month in the form of home equity. As your home’s value increases you also gain home equity.

Every quarter, Pulsenomics surveys a nationwide panel of over 100 economists, real estate experts, and investment and market strategists and asks them to project how residential home prices will appreciate over the next five years for their Home Price Expectation Survey (HPES).

The latest data from their Q4 2018 Survey revealed that home prices are expected to round out the year 5.8% higher than they were in January. For the next 5 years, home values will appreciate by an average of nearly 3% a year.

This is still great news for homeowners!

For example, let’s assume a young couple purchases and closes on a $250,000 home in January. Simply through their home appreciating in value, those homeowners can build their home equity by nearly $40,000 over the next five years.

How to Simply Increase Your Family Wealth by Paying for Housing | Simplifying the Market

Let’s look at the potential equity gained over the same period of time at some higher price points:

How to Simply Increase Your Family Wealth by Paying for Housing | Simplifying the Market

In many cases, home equity is a large portion of a family’s overall net worth.

 87% of homeowners who held their properties 7-10 years had a positive housing equity gain since 1989.

https://jaybrugroup.com/87-of-home-owners-who-held-their-properties-for-7-10-years-had-a-positive-housing-equity-gain-since-1989/

What it feels like to own real estate:

“As homeowners discover, living in an owned home feels different from living in a rented home. It’s not just that an owner can personalize the space; it touches a chord even more fundamental than that.

Homeownership enhances the longing for self-determination at the heart of the American Dream. First-time homeowners, young or old, radiate not only pride but also a sense of arrival, a sense of being where they belong. It cannot be duplicated by owning a 99-year lease.”

"The American Dream Of Homeownership Is Still Very Much Alive"

 

Bottom Line

If your plan for 2019 includes entering the housing market to purchase a home, whether it’s your first or your fifth, let’s get together to make your plan a reality!

Jay Bru

480-466-4917

jay@jaybrugroup.com


Jay Bru Headshot
Author:
Phone: 480-466-4917
Dated: August 18th 2020
Views: 984
About Jay: Jay grew up on a grain and cattle farm in Saskatchewan and started working at a very young age. He g...

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