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.

Contact the Gold Country Modern Team, your Amador County real estate connection, for assistance buying or selling a home in the Gold Country.

Post a Comment

From Our Blog

Posts By Category

All Categories Amador County (19) Buying A Home (335) Custom Log Homes (1) Landscape/Curbside Appeal (1) Selling Your Home (97)

Posts By Month

Grab Our RSS Feed
Current Homes for Sale
Upcountry
City # Price Range
Pine Grove 19 $255k - $1.2m
Pioneer 54 $235k - $1.1m
Volcano 13 $199k - $1.1m
Down Country
City # Price Range
Fiddletown 9 $219k - $1.5m
Ione 22 $235k - $2.7m
Jackson 39 $235k - $1.2m
Plymouth 14 $700k - $6.4m
River Pines 2 $220k - $259k
Sutter Creek 22 $253k - $2.8m
New Listing

Email Alerts

Subscribe Today!
Have

Questions?

Contact Us Now!