Beautiful 2-story home in the heart of Bluffdale. Enjoy a large, open floorplan with 9 ft ceilings. Walk-in closets in every bedroom. Adorable built-in playhouse for kids in basement. Lots of natural light. Nest thermostat included. Updated lighting. Alexa enabled lights. Well taken care of home. Fully landscaped and fenced yard with garden and apple tree. Walking trails, park and splash pad are nearby. Minutes from I-15 access and schools.
Darling home. Spacious floor plan. Big bedrooms, loft area, and huge walk-in closet to name just a few. Within walking distance to the elementary school. Incredible views of the mountain. One of the biggest yards in Hamilton Farms and has RV parking. Call today!
Beautiful brick rambler in Holladay neighborhood. Huge corner lot. Secluded backyard. Close to hiking trails, skiing, shopping, schools, and I-215. Home has original hardwood floors. Large open kitchen. Double Ovens. New furnace, a/c, and water heater within 2 years.
Charming home in Sugarhouse.Enjoy this 3 bedroom, 3 bath home with over 2500 sq ft. with room to add another bedroom. Hardwood floors. Cozy sunroom.Master suite on both floors.Private backyard. Lovely patio for entertaining. No showings per seller request prior to open house on Saturday, June 29th, 11-1pm.
Enjoy mountain views from this condo! Main floor, 2 bdr, 2 bath condo, 2 parking spaces in secure building. Sold fully furnished. Condo has brand new carpet, paint. Condo located between Deer Valley's Jordanelle Gondola and Jordanelle Reservoir. Minutes to year round recreation whether you are water skiing on the Jordanelle Reservoir,snow skiing at Deer Valley Ski Resort, or fishing on the Provo. Great condo and location! Includes 2 assigned parking spaces in underground garage and storage/ski closet just outside condo.
There has been a lot written about the benefits of homeownership. One benefit that continues to rise to the top is the added wealth homeowners gain simply by paying their mortgage while their home increases in value over time.
The National Association of Realtors (NAR) recently broke down the equity gained from price appreciation and principal payments in their Economists Outlook Blog. Homeowners who purchased their homes five years ago have already gained almost $80,000 in equity over that time with 80% of the gains coming from price appreciation.
For a homeowner who purchased their home 30 years ago, they have gained nearly $250,000 in equity with 70% coming from price increases. The full results can be seen in the chart below.
According to the Home Price Expectation Survey, a family who purchased a median priced home this January can expect to gain more than $42,000 over the next five years simply from price appreciation alone.
Your home is one of the only investments you can live inside as you pay it off over time. If you are ready to use your housing costs to build wealth, contact a local real estate professional who can help you determine how to make your dream a reality.
Spring has sprung, and it’s a great time to buy a home! Here are four reasons to consider buying today instead of waiting.
1. Prices Will Continue to Rise
CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 4.4% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.6% over the next year.
Home values will continue to appreciate for years. Waiting no longer makes sense.
2. Mortgage Interest Rates Are Projected to Increase
Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year fixed rate mortgage came in at 4.41% last week. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, and the National Association of Realtors are in unison, projecting rates will increase by this time next year.
An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.
3. Either Way, You Are Paying a Mortgage
Some renters have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.
As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.
Are you ready to put your housing cost to work for you?
4. It’s Time to Move On with Your Life
The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.
But what if they weren’t? Would you wait?
Examine the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, greater safety for your family, or you just want to have control over renovations, now could be the time to buy.
If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.
Every family has a list of important dates. We celebrate birthdays, anniversaries, pet adoptions…and the list goes on. For 64.4 percent of households in the United States, this list includes the day they became a homeowner for the first time!
Why is this date important? Homeownership is not just a roof over your head! It represents shelter, stability, wealth, and pride! For decades, homeownership has been an important part of the American Dream!
However, many question if the next generations see the same benefits of homeownership as their predecessors.
In case we have forgotten, some of those benefits are:
Educational Achievement: Homeownership has a positive impact on academic achievement, including reading and math performance in children 3-12 years old.
Civic Participation: “Owning a home means owning a part of the neighborhood.” Homeowners have a stronger connection to their neighborhood and are more committed to volunteer.
Health Benefits: Adjusting for a range of demographic, socioeconomic and housing-related characteristics, homeowners have a substantial health advantage over renters.
Public Assistance: The report shows 47% of homeowners use their home equity credit lines to help pay other debts, diminishing their need for public assistance.
Property Maintenance and Improvement: A well-maintained home not only generates benefits through consumption and safety, but a high-quality structure also raises mental health.
Pride of Ownership: This place is uniquely “yours.” You can customize it according to your likes and personality.
In addition to financial benefits, homeownership also brings significant social benefits. These not only pertain to the family, but extend to the communities, the state, and the country!
Buying a home is an investment in your future!
Appreciation: On average, home prices are appreciating annually at a rate of 3.6%. This helps to create a safety net.
Forced Savings: Your mortgage is like a forced savings plan! With each payment, you are reducing the principal of your loan.
Home Equity: Homeownership builds equity every single month. You can later use that equity to start a business, send your children to college, etc.
Net Worth: A homeowners’ net worth is 44x greater than renters! This gives you the financial freedom to invest.
Stability: Rent prices increase 4% annually! A fixed mortgage payment allows you to save for future projects and guard against inflation.
Tax Benefits: The government has created tax benefits to encourage customers to purchase. (Talk to your CPA to see which benefits apply to you).
Homeownership is and will always be part of the American Dream! There are many financial and non-financial benefits to take advantage of when owning a home. If owning a home is part of your dream, contact a local real estate professional to help you with the process!