Real estate is a good investment even in times of slow growth. Of course, the economic downturn a decade ago saw many Americans shy away from home ownership. How much can change in a decade.
This is a great time to snap up a home. Real estate website trulia.com has stated that, all across the country, the costs of home ownership is cheaper than renting. And, lucky you, South Florida is one of the best values!
The start of this year shows that buyers are finally on board. Per the Wall Street Journal, the number of buyers outpaced renters in the first quarter of 2017. Americans are eager to buy homes again. If you have been feeling cautious or your kids have been holding back before buying their first home, this is the time to start looking.
And if you are looking to sell your home, consider this your alert: the buyers are back!
Why home ownership is a better choice
Buying a home gives you equity in an asset that will appreciate over time. Home ownership protects you against rising rents. And it can give you a valuable tax deduction, in addition to pride of ownership! In the short run, closing costs and other fees associated with purchasing a home can dent your savings. But in the long run, the savings from home ownership will far outstrip continuing to rent.
Contact the Scherer Team to find the right home for you or to make your home available for all those ready buyers out there!