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