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This month's featured listing:
21 Chiles Ave- A gorgeous Spanish Revival villa in Kenilworth
Call or email us today for a showing!
Why Buying a Home is a Good Idea
As a fairly general rule, homes appreciate about four or five percent a year. Some years will be more, some less. The figure will vary from neighborhood to neighborhood, and region to region.
Five percent may not seem like that much at first. Stocks (at times) appreciate much more, and you could easily earn over the same return with a very safe investment in treasury bills or bonds.
But take a second look…
Presumably, if you bought a $200,000 house, you did not pay cash for the home. You got a mortgage, too. Suppose you put as much as twenty percent down – that would be an investment of $40,000.
At an appreciation rate of 5% annually, a $200,000 home would increase in value $10,000 during the first year. That means you earned $10,000 with an investment of $40,000. Your annual "return on investment" would be a whopping twenty-five percent.
Of course, you are making mortgage payments and paying property taxes, along with a couple of other costs. However, since the interest on your mortgage and your property taxes are both tax deductible, the government is essentially subsidizing your home purchase.
Your rate of return when buying a home is higher than most any other investment you could make.
Bending Over Backwards for Our Clients
"The practice of Holistic Realty achieves our client's needs while integrating the best business practices with the direction of the heart."
Count on us to be a positive, helpful partner for buying or selling a home in the Greater Asheville Area:
- Trusted resource for answers about the process
- Innovative marketing strategies
- Expertise about neighborhood features
- Ability to target home searches
- Strong negotiation skills
- Support through the closing and beyond
- Experience in all aspects of buying and selling in todays market!
Why do we ask you to register on our site?
We are a boutique firm within Keller Williams and we want to provide you with the HIGHEST level of PERSONALIZED service! We will call you to see how we can help you with your needs and we want you to experience the Asheville Holistic Realty difference. You WILL be glad you called! There is NEVER an obligation to work with us - but you'll want to!