<article class="post-645099 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-645099"><span class="entry-date">February 27, 2023</span><div class="entry-header center-block text-center"><h1 class="entry-title">One Major Benefit of Investing in a Home</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=One+Major+Benefit+of+Investing+in+a+Home&url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fone-major-benefit-of-investing-in-a-home%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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</div></div><div class="post-tax post-category"><span></span><a href="../category/realtor-blog/index.html" rel="tag">Realtor Blog</a></div><div class="post-tax post-post_tag"></div></div><div class="entry-content"><div><img alt="One Major Benefit of Investing in a Home Simplifying The Market" decoding="async" loading="lazy" src="https://media.agentaprd.com/sites/222/one-major-benefit-of-investing-in-a-home-KCM.webp" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" width="358"/>
<p>One of the many reasons to buy a home is that it’s a major way to <a href="https://www.simplifyingthemarket.com/2023/01/27/homeownership-builds-your-wealth-over-time-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2">build wealth</a> and gain financial stability. According to <a href="https://myhome.freddiemac.com/owning/equity-and-appreciation.html"><em>Freddie Mac</em></a>:<!–more–></p>
<blockquote><p><em>“Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability.”</em></p></blockquote>
<p>With spring approaching, now’s a great time to consider if <a href="https://www.simplifyingthemarket.com/2023/02/23/how-to-make-your-dream-of-homeownership-a-reality/?a=712984-fa409495d5d70154d03a25e81e9540e2">buying a home</a> makes sense for you. The best way to figure that out is to talk with a trusted real estate professional.</p>
<h4><strong>The Largest Part of Most Homeowners’ Net Worth Is Their Equity</strong></h4>
<p>You may be surprised to learn just how much of a homeowner’s net worth actually comes from owning their home. The <em>National Association of Realtors</em> (NAR) <a href="https://www.nar.realtor/blogs/economists-outlook/single-family-homeowners-typically-accumulated-225K-in-housing-wealth-over-10-years">shares</a>:</p>
<blockquote><p><em>“<strong>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.</strong> Housing wealth (home equity or net worth) gains are built up through price appreciation and by paying off the mortgage.”</em></p></blockquote>
<p>In other words, home equity does more to build the average household’s wealth than anything else. And according to data from <a href="https://blog.firstam.com/economics/homeownership-remains-strongly-linked-to-wealth-building"><em>First American</em></a>, this holds true across different income levels (<em>see graph below</em>):</p>
<p><a href="https://api.simplifyingthemarket.com/wp-content/uploads/2023/02/housing-piece-of-net-worth-is-crucial-MEM.png"><img alt="One Major Benefit of Investing in a Home | Simplifying The Market" class="aligncenter wp-image-48864" decoding="async" fetchpriority="high" height="488" src="https://api.simplifyingthemarket.com/wp-content/uploads/2023/02/housing-piece-of-net-worth-is-crucial-MEM.png" width="650"/></a></p>
<h3>Bottom Line</h3>
<p>
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.</p>
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