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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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TESTIMONIALS

"Great Experience, and Russ provided the “right” support when I needed it most. Russ knew the market well and was very responsive. He did a great job of staging, put together an exceptional photo portfolio and excelled at marketing the property. Very appreciative of the great effort and support he provided, and would definitely recommend him for others."
- Tony H., Quail Creek
"We had a great experience working with Russ Fortuno. After having a less than ideal experience with another real estate agent, we chose Russ to sell our home. We were very happy with his knowledge of the real estate market in our community of Quail Creek. He was very professional, and he never gave us unrealistic expectations. Russ was attentive to detail whether it be answering all our questions or having our house look perfect for photos. He was there for us until our house closed and we could not be more thankful for all his help and expertise."
- Sandra M., Quail Creek
"My experience with Russ was excellent. Russ even helped get the property ready for sale since I was out of state. He took care of everything. He was great!"
- Gilbert W., 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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