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Buying A House Is Still A Good Investment

Upsides to Home Buying

14 July 2022
House hunters in the market to buy a home during this time of elevated prices need to ask themselves: is a house a good long-term investment?
While housing prices can be volatile, coastal homeowners have enjoyed strong gains since the mid-1970s. In fact, in the last decade alone, home values along the coast have risen at an average annual rate of 8 percent – second-best in the country, behind only Washington, D.C.
In addition to stable home price growth, many coastal homeowners also benefit from capped property taxes. Though the coast’s overall tax burden is among the top 10 in the country, thanks to several housing propositions, the rise in property taxes can be capped at up to 2 percent a year. That means the typical home value increase is more than triple what you pay in taxes on it.
Compass can help you buy your new house with the power of cash and move in faster than ever before. Want to purchase another house before you sell yours? Reach out below to get started today.

Portia Green, REALTOR®

Portia’s clients all have a similar story. Most likely, you met her huddled around a tablet at the dinner table yet she feels like a friend. Her personable nature and easy going approach attract Sellers and Buyers alike, in what can be a stressful and emotionally charged event. A talented REALTOR® with 15 years experience, Portia is just as excited about real estate today as she was with her first transaction. She remains ever-committed to helping her clients find their place in the world and helping busy people navigate this crazy real estate market like a pro.

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