One Major Benefit of Investing in Real Estate
Investing in real estate is a sure way to build your personal net worth. Raleigh is ranked as the top real estate market in the country due to major growth with jobs and a strong economy.
Real Estate Builds Net Worth
Raleigh, NC is seeing major growth with a strong local economy, plenty of jobs & companies relocating to the area, and affordable housing making it a great place to invest in real estate and start building or add to your net worth. One of the many reasons to buy a home is that it’s a major way to build wealth and gain financial stability. According to Freddie Mac:
“Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability.”
With spring approaching, now’s a great time to consider if buying a home makes sense for you. The best way to figure that out is to talk with a trusted real estate professional.
“Homeownership is the largest source of wealth among families, with the median value of a primary residence worth about ten times the median value of financial assets…”
The Largest Part of Most Homeowners’ Net Worth Is Their Equity
You may be surprised to learn just how much of a homeowner’s net worth actually comes from owning their home. The National Association of Realtors(NAR) shares:
“Homeownership is the largest source of wealth among families, with the median value of a primary residence worth about ten times the median value of financial assets held by families. Housing wealth (home equity or net worth) gains are built up through price appreciation and by paying off the mortgage.”
In other words, home equity does more to build the average household’s wealth than anything else. And according to data from First American, this holds true across different income levels (see graph below):
WHAT DOES THIS MEAN One of the biggest benefits of owning a home, regardless of your income level, is that it provides financial stability and an avenue to build wealth. Are you ready to add to your net worth and invest in the Raleigh real estate market - we can help you make your move with confidence and provide the luxury experience everyone deserves regardless of price point. To learn more about our process send us an email today!