Wednesday, February 13, 2008

Benefits of Home Ownership

Benefits of Home Ownership


Why buy a home from RE/MAX Desert Showcase in the Phoenix Metro area & North West Valley in Arizona?

~Over the past 30 years, home values have risen more than 6 percent annually.

~On average, the value of a home nearly doubles every 10 years.

~60 percent of the average homeowner’s wealth comes from their home’s equity.

~The average homeowner’s net is $171,000-that’s nearly 46 times that of a renter’s, who has an average net worth of $4,800.

~Homeowners benefit from the power of leverage. At an annual appreciation rate of 5 percent, a 10 percent down payment on a home will return a 94 percent after 3 years. After 5 years the rate of return increases to 225 percent and after 10 years, 623 percent.

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