Real Estate - A Home AND An Investment
Finding the perfect home is about more than putting a roof over your head. It's about building equity, increasing your assets, and making an investment in you future. At Gattermeir Davidson, we talk a lot about how to find the perfect home at the Lake and local real estate trends, but this week we wanted to look closer into the investment side of real estate at the Lake of the Ozarks.
Having equity is an asset, and it comes with important benefits. For example, if/when you sell your home at a later date, you will be able to turn your equity into cash. Also, if you are short on cash at a later date, you can actually borrow against the equity you already have built up in your home (this is typically done through what is called a "second mortgage" or a "home equity loan."
Owning Your Own Home Enables You To Build Equity
The terms "building equity in your home" get tossed around quite frequently, but do you know what they really mean? Essentially, "equity" refers to the amount of the home that you actually own - the portion of the loan that you have already paid off.Having equity is an asset, and it comes with important benefits. For example, if/when you sell your home at a later date, you will be able to turn your equity into cash. Also, if you are short on cash at a later date, you can actually borrow against the equity you already have built up in your home (this is typically done through what is called a "second mortgage" or a "home equity loan."
Owning Your Own Home Can Help You Earn Money
Most people have a negative opinion of inflation, because it requires us to pay more for things we were previously able to purchase at a lower price. In the world of real estate, however, inflation is every homeowner's friend.
If you own a home for several years, the value of your property will (statistically) increase. By the time you decide to sell it, chances are that you will be able to sell it for a greater price than you originally purchased it for. As a renter, you do not get any money back at the end of your lease. As a homeowner, however you not only get money back - you have the opportunity to turn a profit.
The Gattermeir Davidson Team Can Help You Get Started
Successfully investing in real estate requires dedication to detail and advance preparation for the perfect opportunity. If you're thinking about buying real estate at the Lake of the Ozarks, or if you simply have questions on the matter, the team at Gattermeir Davidson Real Estate is here to help. We look forward to assisting with your investments!
Stay connected with Gattermeir Davidson Real Estate, LLC!
Gattermeir Davidson Real Estate, LLC
Stay connected with Gattermeir Davidson Real Estate, LLC!
2011 REALTOR Salesperson of the Year
Missouri Association of Realtors
752 Bagnell Dam Blvd., Suite A
Lake Ozark, MO 65049
Office | 573.365.1555
Fax | 573.365.1766
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