Why Owning Your Home is Still a Great Investment
Whether you bought your Southwest Florida home 20 years ago and have ridden the ups and downs of the real estate market, or you’re just now in a position to buy your first home, you may wonder whether it’s a good long-term investment. Will the monthly mortgage payments, insurance, taxes, maintenance and upgrades “pay off” in the long run?
They will. And here’s why.
You’ll Make More Money When You Buy a HOME, not an Investment
Purchasing a home with the intention of living in it long-term is a way of investing in your future by slowly building equity. It’s kind of like a 401k plan; you faithfully contribute money every month and weather the cyclical nature of the stock market, knowing that 30 years from now when you retire, you’ll have something to cash in on.
Naysayers who claim owning a home is a bad investment point to all the expenses mentioned above over those 30 years. They add up all these payments, subtract them from what you could end up selling your home for, and are eager to show you that you might actually make very little – if any – return on your overall investment.
But advocates of homeownership have a different view: when you live in a home, it provides many years of financial stability, safety, comfort and happy memories. Your overall investment is in something much more than just four walls and a roof. Unlike with renting, where you know there is absolutely zero ROI, owning a home allows you to put that same money toward ultimately having the freedom to sell and put money in your pocket when you need it.
You’ll Make More Money When You Sell Smartly
No one is saying you have to stay in your home until it’s paid off to see the biggest ROI (although several years of NO mortgage payments sure will feel nice!). The point is that when you own a home, you have options. If you love your home and your community, there may be no reason to move. Your monthly expenses are an investment in your family and their happiness, and that may the absolute best way to spend your money year after year. And if you’re in a highly-desirable area, chances are you’ll have no problem making a nice profit when you do decide to sell, 10, 20 or 30 years down the road.
On the flipside, if you don’t have roots and you’re faced with an opportunity to sell in a red hot market, you can. And you can do it during this upswing, or wait until the next. That’s the beauty of having options when you own a home.
The Link Team Can Help You Invest in Your Future
When we talk about owning a home as an investment, it’s not about making the most money. It’s about having the luxury to be able to make the choice to stay or sell based on the health of the market and where you are in your life.
If you’re in Southwest Florida to stay, now is a great time to buy. Buying a home is not just a sound financial investment; it’s an investment in your family’s future – and it starts with their happiness, today!
Start the search for your dream home with Nina Link today. Call 239.357.5058 or email Nina@LinkTeamFlorida.com.