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Home Ownership

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Want to build wealth? Buy a home — and buy it early

September 11, 2019

Want To Build Wealth? Buy A Home—And Buy It Early

It’s safe to assume that pretty much everyone wants to build wealth — and continue to build wealth throughout their life. But how, exactly, do you do that? According to the data, you build wealth by buying real estate — and buying it early.

According to a report from the Urban Institute, homeowners who purchase property early build more wealth by their sixties than homeowners who wait until later in life to buy a home. The homeowners who get the most bang for their buck? Those who purchase their home between the ages of 25 and 34.

By age 60 or 61, these homeowners have a median home equity of close to $150,000, which is $72,000 more than homeowners who purchase property between the ages of 35 and 44 and a whopping $100,000 more than homeowners who wait to buy real estate until after the age of 45.

In summary, the earlier in life you buy a home, the more wealth you’ll have accumulated by the time you’re ready to retire. And no matter how old you are today, it’s never too late to start building wealth. So if you’ve been thinking about purchasing a home, there’s no better time than right now.

Filed Under: Tips for Home Buyers, Home Ownership Tagged With: Home Equity

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"We found Russ to be an excellent Realtor. He was so easy to work with, very professional and thorough. He was always prompt to respond to our calls and emails. We were a bit nervous at first, because we were out of town buyers, but Russ quickly put us at ease. He sent us many potential prospects but he was never pushy. It was so nice to work with someone so honest. We would highly recommend using Russ to anyone who was looking to buy or sell."
- Linda M., Quail Creek
"Best in the business! We have used Russ to purchase our winter home in Arizona and soon realized we wanted to upgrade to a larger full time forever home! Alas, Russ worked his magic and found our dream home. Russ is truly one of the best agents we have ever worked with. He is knows this market and we never felt pressure to make a purchase on a house that was not quite what we were looking for. I can’t recommend him highly enough."
- Pam H., Quail Creek
"Hire Russ as you Real Estate Agent! If you want to sell your home quickly and with ease, Russ Fortuno is the real estate agent for you. Russ knows the market and how best to sell your home. Russ is there for you at every step of the sale and quickly responds to any and all issues that may come up during the listing and sale of your home. Our home sold quickly because of his expertise and commitment to us and the sale of our home. My husband and I are so happy that Russ was our agent."
- Christie R., Quail Creek
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Russ Fortuno, Associate Broker

I'm a Southern Arizona native and Quail Creek resident. Whether you’re buying or selling a home in Quail Creek, you’ll experience unsurpassed service and professionalism at all stages of your real estate transaction. I welcome the opportunity to assist in your next home sale or purchase.
Meet Russ

Tierra Antigua Realty

18745 S. I-19 Frontage Rd., Ste. A105
Green Valley, AZ 85614
(520) 333-0446
Contact Russ

This site is not affiliated with Robson Communities or the Quail Creek Country Club Property Owners Association.
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