How Does Your Home Build Personal Wealth?

personal-wealth

As the economy continues to improve, more people are seeing their personal financial situation improve as well. Instead of just getting by, many are now able to save money and build their net worth. One way to dramatically increase one’s financial portfolio is through the acquisition of real estate.

For example, let’s assume you purchased and closed on a $250,000 home in January. What will that home be worth 5 years from now?¬†

Pulsenomics¬†surveyed a nationwide panel of over one hundred economists, real estate experts and investment & market strategists and asked them to project how home prices will appreciate over the next 5 years. See the results below –

5-year-appreciationThe survey found a homeowner can potentially build home equity of over $40,000 during the next 5 years.¬† In many cases, home equity is large portion of a family’s overall net worth.

Real Estate Bottom Line

If you are hoping to improve your long-term financial situation, let’s discuss how real estate may be a great path to achieving your goals.

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