Eight in 10 adults agree that owning a home is the best long-term investment a person can make, according to a recent nationwide Pew Research Center survey. This clearly indicates the value that Americans continue to place on home ownership.
A strong majority of renters surveyed in the Pew Research Center study said they would prefer to one day buy a home. In addition, respondents rated being able to own a home as their top long-term financial goal followed by being able to live comfortably in retirement, pay for a child’s college education, and leave inheritance for children.
To help potential home buyers realize their dream of owning a home, Shorewest Realtors® is participating in the Realtor® Nationwide Open House Weekend being held this weekend. Shorewest Realtors® will be hosting numerous open houses throughout the area while sharing the many benefits of home ownership to families, communities and the economy.
“Owning a home creates a sense of freedom and accomplishment. It also provides family stability and encourages community involvement,” said Joseph A. Horning, President of Shorewest Realtors®.
One of the best ways to build long-term wealth is owning a home, according to Realty Times. Owning a home has an average appreciation rate of around 6.5 percent a year under normal economic conditions. So a home purchased for $100,000 could potentially sell for around $174,000 after 10 years.
Homeownership also provides both equity accumulation and tax benefits. Home equity, the value of a property minus what is owed on the property accrues gradually as a property increases in value over time. Homeowners can leverage equity to establish lines of credit, which can be used to make repairs or upgrades to their homes.
Shorewest Realtors® will hold more than 650 open houses throughout Wisconsin this weekend. Sales associates are ready to answer questions about the local housing market and the home buying and selling process.
Since its inception in 1946, Shorewest, Realtors® has been a family-owned company dedicated to helping families in Wisconsin. Hard work and a commitment to excellence allow us to provide our clients with unsurpassed customer service.
Today, Shorewest has grown to include 23 offices, a family of over 1,400 people, and services in relocation, mortgage, title, closing, home services and insurance. Shorewest, Realtors® is Wisconsin’s largest home seller and currently controls more than 27% of the metro-Milwaukee Real Estate Market™, according to Metro Milwaukee MLS.
Offering innovative, unsurpassed services and technologies such as its 24-hour Shorewest TV channel, Home Services coordinators, apps for smart phones, user-friendly bilingual hotline and comprehensive website, Shorewest is an industry leader in providing customer satisfaction. Shorewest, Realtors® also specializes in marketing fine homes. As a member of the Leading Real Estate Companies of the World™, we are part of Luxury Portfolio, which features the most comprehensive spread of luxury-tier properties on the web.