And The Winner For Best Long-Term Investment is …
Real Estate!
According to a most recent Gallup survey, Americans continue to rank real estate as the best long-term investment for the 12th year in a row. Beating out five other options by at least 14%.
Source: Keeping Current Matters
If your goal is to build wealth (and really, who doesn’t want this?!), then buying real estate still stands as one of the most solid pillars for doing so.
The headlines about mortgage rates and housing prices might make you question if it’s a good idea to buy a house right now. But even in today’s market, real estate is the champion over stocks and other investments for best long-term investment. Why? Because it follows a more predictable and positive pattern rather than the ups and downs of the stock market.
History shows that home values rise over time, and that means your equity in your home increases the longer you own it. Your equity in your home grows your net worth. Sure you can earn interest on money in a savings account, but that pales in comparison to your home which, on average, could see a 4-5% increase in value year-over-year (and sometimes more!).
What’s more? Real estate is the only investment that you can have a tangible connection to. Since it is where you live, your home, you have a very real interest in maintaining and improving it. Regular maintenance and improvements usually translate into increased value. This gives you more direct control in your investment than any other type of investment.
Let us empower you with the information needed to make an informed decision. Whether you want to buy your first home, curious about the equity in your current home and how it can help you buy a new one OR wanting to start investing in real estate, contact us and we’ll be glad to educate you.