{"id":7976,"date":"2023-02-27T11:30:15","date_gmt":"2023-02-27T11:30:15","guid":{"rendered":"https:\/\/thezakariagroup.com\/one-major-benefit-of-investing-in-a-home\/"},"modified":"2023-02-27T11:30:15","modified_gmt":"2023-02-27T11:30:15","slug":"one-major-benefit-of-investing-in-a-home","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/one-major-benefit-of-investing-in-a-home\/","title":{"rendered":"One Major Benefit of Investing in a Home"},"content":{"rendered":"
\"One<\/p>\n

One of the many reasons to buy a home is that it\u2019s a major way to build wealth<\/a> and gain financial stability. According to Freddie Mac<\/em><\/a>:<\/p>\n<\/p>\n

\u201cBuilding equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability.\u201d<\/em><\/p><\/blockquote>\n

With spring approaching, now\u2019s a great time to consider if buying a home<\/a> makes sense for you. The best way to figure that out is to talk with a trusted real estate professional.<\/p>\n<\/p>\n

The Largest Part of Most Homeowners\u2019 Net Worth Is Their Equity<\/strong><\/h4>\n

You may be surprised to learn just how much of a homeowner\u2019s net worth actually comes from owning their home. The National Association of Realtors<\/em> (NAR)\u00a0shares<\/a>:<\/p>\n<\/p>\n

\u201cHomeownership is the largest source of wealth among families, with the median value of a primary residence worth about ten times the median value of financial assets held by families.<\/strong> Housing wealth (home equity or net worth) gains are built up through price appreciation and by paying off the mortgage.\u201d<\/em><\/p><\/blockquote>\n

In other words, home equity does more to build the average household\u2019s wealth than anything else. And according to data from First American<\/em><\/a>, this holds true across different income levels (see graph below<\/em>):<\/p>\n<\/p>\n

\"One<\/a><\/p>\n<\/p>\n

Bottom Line<\/h3>\n

\nOne of the biggest benefits of owning a home, regardless of your income level, is that it provides financial stability and an avenue to build wealth. Let\u2019s connect today so you can start investing in homeownership.<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

One of the many reasons to buy a home is that it\u2019s a major way to build wealth and gain financial stability. 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