HOME
> INVESTORS / BUYERS
> HOME BUYING ARTICLES > ARTICLE
1.4
BENEFITS
OF OWNING YOUR OWN HOME
Forced
savings
Some people
are just lousy at saving money, and a house is an automatic savings
account. You accumulate savings in two ways. Every month, a portion
of your payment goes toward the principal. Admittedly, in the early
years of the mortgage, this is not much. Over time, however, it
accelerates.
Second, your
home appreciates. Average appreciation on a home is approximately
five percent, though it will vary from year to year, and in some
years may even depreciate.. Over time, history has shown that owning
a home is one of the very best financial investments.
|
Serving Northern Virginia and Central Maryland since 2002
|
|
|
|
|
|