• Menu
    805-419-0781
    mary@addingtonrealtygroup.com
  • Please Setup your Menus

Addington Realty Group | eXp RealtyAddington Realty Group | eXp Realty

Bringing You Home, Throughout California and Arizona

  • Home
  • Buyers
    • Featured Homes
    • 8 Steps to Buying
    • All About Location
    • Home Buying Tips
  • Sellers
    • 8 Steps to Selling
    • Good Seller’s Etiquette
    • Sell and Make a Profit
    • Staging Tips
  • Communities
    • Oxnard / Port Hueneme
    • Simi Valley / Moorpark
    • Temecula
    • Murrieta
    • Wildomar
    • Newbury Park / Thousand Oaks
    • Oak View / Ventura
    • Camarillo
  • About Us
    • Client Testimonials
    • Submit a Testimonial
  • Blog
  • Featured Homes

ONE MAJOR BENEFIT OF INVESTING IN A HOME IN SIMI VALLEY

One Major Benefit of Investing in a Home | MyKCM

One Major Benefit of Investing in a Home

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.

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):

Bottom Line

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. Let’s connect today so you can start investing in homeownership.

Posted in: Buyer Tips Tagged: First Time Home Buyers, Homebuying, Homeownership, Housing Market Update, Move-Up Home Buyers, Wealth Building

Post navigation

« The Two Big Issues the Housing Market’s Facing Right Now in Ventura
Cookies Delivery »

Resources

  • Sellers
  • Buyers
  • Blog

Featured Communities

  • Temecula
  • Murrieta
  • Wildomar
  • Newbury Park / Thousand Oaks
  • Oak View / Ventura
  • Camarillo
  • Oxnard / Port Hueneme
  • Simi Valley / Moorpark

Search Tools

 

Serving Southern California & Arizona
Mary Tan Addington CA DRE: 01918535|AZ DRE: BR700334000
Raymond Addington CA DRE: 01976687|AZ DRE: SA700523000
EXP Realty is an Equal Opportunity Employer and supports the Fair Housing Act

Addington Realty Group
Serving California & Arizona

805-419-0781