Real Estate as an Investment…

Historically, real estate has been a safe bet when it comes down to investing. For the most part, properties ultimately gain value over time.

Ex. 1: My grandmother purchased her home in 1974 and paid $35,000.00. Today’s market value on the same home is estimated to be worth $368,219.00 based on the county appraiser’s office. Comparable properties in the area have sold for between $300,000.00 (in 2020) and $428,000.00 (in 2021) with some obvious differences in upgrades and condition.

Ex. 2: My mother bought her home in 1985 and paid $64,900.00. Today’s market value on the same home is estimated to be worth $270,480.00 based on the county appraiser’s office. Comparable properties in the same development have sold for between $320,000.00 and $355,000.00.

Ex. 3: More recently, my wife and I purchased our home in 2015 and paid $410,000.00. Today’s market value on the same property is estimated to be worth $591,230.00 based on the county appraiser’s office. Comparable properties in the same development have sold for between $580,000.00 and $610,000.00. Even in this short period of time, properties have shown a significant increase in value.

My point is Real Estate has historically proven to be a good long term investment. Much like the stock market, the real estate market has his peaks and valleys but ultimately, the value increases over time.

If you’re thinking about buying a property, whether as a primary residence or an investment property, give us a call. You can rely on our expertise to help you throughout your home buying adventure.