Upper Dublin, Blue Bell and Horsham Real Estate and Homes for Sale in Pennsylvania
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Benefits of Owning
The best investment you can make
As a general rule, homes appreciate about five percent a year. Some years will be more, some less. This figure will vary from neighborhood to neighborhood, and region to region.
Five percent may not seem like that much at first. Stocks (at times) appreciate much more, and you could earn over six percent with the safest investment of all, treasury bonds.
Build equity
Presumably, if you bought a $200,000 house, you did not pay cash for the home. You got a mortgage, too. Suppose you put as much as twenty percent down – that would be an investment of $40,000.
At an appreciation rate of 5% annually, a $200,000 home would increase in value $10,000 during the first year. That means you earned $10,000 with an investment of $40,000. Your annual “return on investment” would be a whopping twenty-five percent.
Real estate will continue to be a great investment. Additional benefits include interest on your loan and property taxes are tax deductions.
For a FREE Home Buyer Guide and information about tax benefits of buying a home, obtaining a mortgage Pre approval, or to begin your home search of all the homes for sale in Upper Dublin, Blue Bell, Horsham, Gwynedd and the surrounding areas of Montgomery County, Philadelphia and the Philadelphia suburbs, contact me.
