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Wednesday, July 13, 2011

It’s a house–not a savings account. - There is no "ROI" in "HOME"

The decision to buy a house is a big one for most people.  The downward spiral of the real estate market and bad publicity surrounding it have led many to believe home ownership is not worth it!  But the majority still believe it is important to own your home.

A recent study cited 75% of those polled who said owning a home is worth while another 95% of those who own said they were happy with the decision to own a home.

Too often many are worried about the value next year or in three years.   Too often many worry about the return on their investment.

The reality is your house is a residential dwelling not a savings account!   Saving is important but your home is not meant to be the primary savings vehicle.  If the value appreciates, great! 

It should be ones lifestyle that determines whether buying or renting is the correct decision.   If one is staying put for the next five or ten years, perhaps buying is the correct decision.   If one expects to change jobs, grow a family, or downsize in the next few years, perhaps renting is the call.

But the decision should be based on the lifestyle and plans – not the return or loss of value in a house.   Sure, we all want property to appreciate but that is not the primary reason for buying is it after all there is no "ROI" in "HOME."

If buying a home is the decision for you, call me about homes for sale in Brevard County, Florida.

Gary Waters, Florida licensed real estate agent/Realtor®, Century 21 Baytree Realty, Rockledge, Florida. Email me or call directly at 321-693-3850 if I can help you buy or sell your next Florida home.

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