How to Build Wealth with Real Estate?

In May 2023, the average homeowner's home gained $190,000 in value. This made the typically home owner 40 TIMES WEALTHIER than if they had stayed a renter!

How is this possible?

1) One of the most significant benefits of home ownership is the equity gain in your property. As you pay off your mortgage, your equity (what you actually own) increases, thereby increasing your net worth. 

2) Also, your home is likely to increase in value over time, also increasing the percentage of ownership in your home. 

3) Your mortgage also provides you with some tax benefits, such as writing off your mortgage interest, therefore reducing your tax liability.

Hedge against inflation

Having a fixed rate mortgage also provides you with stability knowing what you must pay every month. Renters are subject to rental increases with inflation.

Want to increase your asset even more?

Home improvements can increase the value of your property. Contact me to find out which improvements provide the most return on investment.