All the Reasons to Buy a Home Today!

Dated: April 20 2021

Views: 60

82,338 Great Reasons to Buy a Home Today

82,338 Great Reasons to Buy a Home Today | MyKCM

The financial benefits of buying a home as compared to renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner.

Most experts are calling for home prices to continue appreciating over the next several years. The most recent Home Price Expectation Survey, a survey of over one hundred economists, real estate experts, and investment and market strategists, expects home appreciation to increase as follows:

  • 2021: 6%
  • 2022: 4.5%
  • 2023: 4%
  • 2024: 3.6%
  • 2025: 3.5%

Using their annual projections, the graph below shows the equity build-up a purchaser could earn, using a $350,000 home as an example:82,338 Great Reasons to Buy a Home Today | MyKCMA homeowner could increase their net worth by over $80,000 in five years. That’s an average of $16,000 annually. That number should be in any equation determining the financial benefits of owning a home compared to renting.

Bottom Line

Homeowners are going to make a substantial amount of money in home equity over the next five years. If you’re ready to buy a home, let’s connect so you can enjoy this great benefit as well.

Blog author image

Jason Shafor

Jason is a born and raised Flagstaff native. He has over 15 years of home building experience in Northern Arizona. Jason takes the same blue collar, hard working habits he developed and implements the....

Latest Blog Posts

Buying and Selling a Home Can Benefit Our Economy and Community

How Buying or Selling a Home Benefits the Economy and Your CommunityIf you’re thinking of buying or selling a home, chances are you’re focusing on the many

Read More

If You Want the Best Advice, Work With a Real Estate Professional

Work With a Real Estate Professional if You Want the Best AdviceBecause buying or selling a home is such a big decision in our lives, the need for clear, trustworthy

Read More

Don’t Let Rising Inflation Delay Your Plans of Buying a Home

Don’t Let Rising Inflation Delay Your Homeownership Plans [INFOGRAPHIC]Some HighlightsIf recent headlines about rising inflation are making you wonder if it’s still a good time to buy,

Read More

Every Homeowner Needs To Know This One Thing About Recession

The One Thing Every Homeowner Needs To Know About a RecessionA recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look,

Read More