Home Values On the Rise

Homeownership is still a crucial part of the “American dream” and is a key pathway to building generational wealth. For those that own a home, it’s clear that there are considerable benefits both emotionally and financially. Not only does buying a home help with long-term stability but it is one of the best ways to increase your net worth and grow your wealth over time. Here is where equity comes in to play. Equity is the difference between what you owe on the home and its market value based on factors like price appreciation and paying of the mortgage. 

The best thing about equity is that it often grows without us even knowing it, especially in a sellers’ market like we are in now. Low housing supply combined with high demand is driving home values up. This is giving homeowners a significant boost to their equity. As that investment appreciates in value, the financial options also increase, helping you achieve other life goals. 

If you are looking to purchase a home, understanding equity can help you realize why homeownership is a worthwhile goal. If you feel like you have missed out on these gains, don’t fret, experts still believe that substantial growth in equity over the next five years is still possible. 

Don’t miss out on this chance to grow your wealth. At McAdams Homes we offer specially curated communities in the Wilmington Area of North Carolina, click here for current incentives. Or if you own a preferred lot, you can choose from our portfolio of floor plans to personalize with numerous design options. Contact us today to get started on your new home journey and start building your household wealth.

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