There is a secret benefit of homeownership that is often missed by people that are purchasing a house – investment opportunities. As payments are made, equity builds up over time and can allow individuals and families to invest in higher-value homes, vacation houses, second residences, or upgrades to their existing home.
The benefits can be doubled if you consider that most kitchen and bathroom updates return more than half of the remodeling money invested in home resale value. If you want to purchase a second house or vacation home, you can use your home’s equity to get a loan. Buying a home is an exciting decision and comes with big investment benefits too.
