No matter if you are a first-time home buyer or a seasoned professional on the hunt for the perfect investment property, homeownership is a goal for many across the nation and in the city of Denver. What is your reason for owning?
Owning your first home is a big step that many feel is necessary to begin building equity and settling down. 81 percent of homeowners and 67 percent of renters feel that homeownership is the best investment that they can make, according to a poll by the Wall Street Journal.
Many buyers purchase investment properties to supplement their income with rent and round out their investment portfolios. 10 percent of these buyers fully intend to reside in these residences one day and plan to keep the property for at least 10 years.
Many others simply purchase a vacation home for their enjoyment throughout the years and not any additional income opportunities. Close to 80 percent of second home buyers purchase a home for their own enjoyment and not for profit.
No matter what your reason is for owning a home in Denver, now is a great time to buy a home. The real estate market will continue its recovery in 2012, so home prices and mortgage rates will not stay this low for much longer. Call me at 888-860-1931 to learn more about buying a home in Denver.
Image via Flickr; Sources: National Association of Realtors, Wall Street Journal, RIS Media