Building Your Family’s Wealth Over the Next 5 Years

nest eggWhy are you putting money in the stock market when you can invest in real estate?  Look at the chart below for the return on your investment over the next 5 years.  Why not start 2017 with an investment that will earn money for you over the next few years and can also be rented to add additional income!  Call me to discuss your options.

 

Courtesy of Keeping Current Matters December 2016

Over the next five years, home prices are expected to appreciate 3.24% per year on average and to grow by 21.4% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.

So, what does this mean for homeowners and their equity position?

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

Building Your Family’s Wealth Over the Next 5 Years | MyKCM

Since the experts predict that home prices will increase by 4.0% this year alone, the young homeowners will have gained over $10,000 in equity in just one year.

Over a five-year period, their equity will increase by over $43,000! 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, let’s get together to find out if you are able to, today!

Remember it is always toasty in Naples and you deserve your piece of Naples sunshine and an investment in real estate!

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