How is Your House an Investment?

These days, real estate investment has become commonplace among financial minded Americans. While this kind of investment requires some long term risk, along with a very knowledgeable investor, in many cases using your home as an investment can be a very fruitful endeavor.

A well cared for home in the right location can make the owners a big profit down the road. In 2001, the average mid-sized home in the United States sold for the equivalent of $222,000 in today’s market terms. In 2011, the average house sold for $232,000. That’s 10k in a decade!

In addition to a financial investment, a home can be a lifestyle investment as well. It provides a place to literally call home, raise a family, and become part of a community.

A survey conducted by the National Association of Realtors showed that 89 percent of current homeowners said the overall happiness and health of their families increased after purchasing a home. The survey also found that children who grew up in a homeowning family performed better in school and maintained healthier relationships with their peers.

While your home remains a financial and lifestyle investment, it also provides a safer and involved community. According to a study done in Vancouver, B.C., neighborhoods with a higher amount of homeowners than renters had less crime than the equivalent neighborhoods dominated by renters. These suburbs also had far more community involvement in volunteer work and educational programs.

Here’s the biggest benefit: after you pay off your house, you own a house! Not having to worry about the cost of rent can provide some serious stress relief, and fatten up your wallet. Our national financial agenda is also very supportive of homeowners. Homeowners receive more tax breaks than their renting counterparts, and in many cities, including some right here in Utah Valley, local governments will often assist with financial needs to purchase homes as an effort to increase community camaraderie.

HOME INVESTMENT
Long story short, a home can be a great investment for your personal well being, your family, your community, and your wallet.

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  • Always 100% customer satisfation guaranteed
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  • "I would rather lose money on a service call than have an unhappy customer" -Lance Hellewell, Owner & GM
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Orem Air Conditioner Repair | 864 North 1430 West | Orem, UT 84057