When is the best time to start looking at homes for sale in Stuart, FL.? Does the property market swing from buyers to sellers depending on the economy? How can you be sure that when you’re looking at homes for sale in Stuart, FL. that your investment will give you a positive return?
Although there has been a shift in the buying model over the past few years due to the recession, it is still worth looking at buying a home in Stuart, FL. if you’re a serious buyer.
Homes for Sale in Stuart, FL. – Investment of Family Home
The first thing that you need to establish before contacting any agents or looking at homes for sale in Stuart, FL is the reason for buying a property. You will have a different approach if you are buying a family home than if you are looking at a second property for rental income. The average appreciation of homes for sale in Stuart, FL. is in the region of 4% per year. This might not seem like a lot of money, and you may even consider investing in high earning stocks and shares to get a better rate of return, but consider this for a moment:
*Real estate is one of the safest long-term investments that you can ever make. Not only does it give you a roof over your head, but it goes a long way to establishing your reputation in terms of credit in financial matters.
*Your home, although appreciating at 4% per year, could yield you a return of up to 20% in just the first year, depending on your mortgage and the deposit that you pay.
*The interest on your mortgage and your property taxes can be claimed as a tax credit. Home ownership has many advantages for people when it comes around to tax time. You can make several tax savings and use home tax credits to your advantage, and it is the largest deduction against your income.
Homes for Sale in Stuart, FL. – Savings and Saving
When you’re looking at homes for sale in Stuart, FL. you need to think of your home as a savings account, which it is. Your mortgage payment each month is a calculated way of saving for the future. The sooner that you pay off your home, the sooner you have an asset that is worth a huge amount of money. If you are renting a home, your money is not being put to work for you. Paying money towards someone else’s mortgage doesn’t make any sense, especially in a recessionary economy. If you’re interested in some of the homes for sale in Stuart, FL. get in touch with a reputable realtor, like Real Estate of Florida, who can show you the process of buying your dream home, and making an investment in your future.
