The financial benefits of buying a housz as compared to renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a houszowner.
Most experts are calling for home prices to continue appreciating over the next several years. The most recent Home Price Expectation Survey, a survey of over one hundred economists, real estate experts, and investment and market strategists, expects home appreciation to increase as follows:
Using their annual projections, the graph below shows the equity build-up a purchaser could earn, using a $350,000 housz as an example:
A houszowner could increase their net worth by over $80,000 in five years. That’s an average of $16,000 annually. That number should be in any equation determining the financial benefits of owning a housz compared to renting.
Bottom Line Houszowners are going to make a substantial amount of money in housz equity over the next five years. If you’re ready to buy a housz, let’s connect so you can enjoy this great benefit as well.