82,338 Great Reasons to Buy a Home Now

Dated: June 3 2021

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82,338 Great Reasons to Buy a Home Now


The benefits of being a homeowner vs. renting are many:

1. Building equity in your home

2. The ability to do what you want in your home (you can paint a room purple if you'd like! Please note that if you want to sell soon, I'm going to request it goes back to a neutral color! LOL)

3. Tax benefits - homeowners are allowed to deduct the mortgage interest as well as property taxes when filing

4. Mortgage payments stay the same and rent rises - as long as you have a fixed-rate mortgage, your payment will stay relatively the same every year (this does get adjusted somewhat if you escrow for taxes)

Now you're asking...didn't she get me with the 82,338 Great Reasons to Buy a Home Now tagline? Where's that info? Here you go!

The most recent Home Price Expectation Survey, of over 100 economists, Realtors, investment and market strategists, expect home values to appreciate as follows:

*2021 - 6%
*2022 - 4.5%
*2023 - 4%
*2024 - 3.6%
*2025 - 3.5%


If we take a look at their annual projections in regards to a home that is currently purchased at $350,000 - that same home would cost $432,338 in January of 2026! $82,338 in projected appreciation in 5 years!

As I'm sure you noted, the appreciation is expected to slow from this crazy frenzy that we are currently in however these projected appreciation values are more typical of what we'd see in a "regular" market. Every indication is that the housing market will continue to remain strong and that buying a home is still a great investment of your time and money for many years to come!

If there is anything that we can help you with at all - we'd love to hear from you! If you have feedback on our newsletter, questions on Real Estate - whatever, we are here for you!

 

Call Mike at 612-685-0927 or Becki at 952-220-5872
Info@MeyerRealEstateTeam.com
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Meyer Real Estate Team

With Mike's background in construction/real estate and Becki's marketing experience in the physical therapy world, the two joined forces to create the ultimate team, both in real estate and in their f....

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