According to a recent report by Pew Research, 81% of adults believe buying a home is the best long term investment you can make, despite the real estate trouble of the last few years. Would you agree? This number is down slightly from previous years, yet is still a very positive sign since 47% of those surveyed believe their home’s value has declined. They understand real estate prices will bounce back. They’re in their home for the long haul.
Homeowners were not the only ones who viewed real estate as the best long term investment you can make – 81% of renters surveyed said they’d like to buy a house at some point.
That’s a high percentage. So, why DO people rent? Maybe it’s because they know they don’t want to settle down yet. They are mobile and like the flexibility that renting provides. Those are really good reasons to rent. They could lack the downpayment – maybe not the income since renting is a significant monthly expense just like a mortgage is. Maybe they hate shovel and mowing grass! (Inexpensive condominiums would be a perfect fit.)
The desire to buy a home is just that – you need to want to own, strive for it. It is an achievement that takes work but is worth it.
You need to want to settle down, be willing to stay in the same place for years. Be a saver with the downpayment as a goal. For those that have the desire, the credit and the downpayment, now offers a unique time to buy real estate in Wisconsin. Buy for the long term and get into your own place at a great price. If First Weber can help you buy or sell, please contact First Weber or visit firstweber.com and we’d be happy to help you achieve the dream of homeownership. Studies have shown that homeownership matters.
Do you have the desire to own a home? See what’s in your price range – almost anywhere in Wisconsin – at firstweber.com. And thank you for visiting the First Weber Wisconsin real estate & Wisconsin living blog.