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STOP GIVING AWAY MONEY
If you opted to rent instead of buying a home ten years ago, you would have made a gross financial mistake. You could have tripled your money. If you are still renting instead of owning, this could make you cry all the way to the landlord with your next rent check.
Are these days gone forever? Not by a long shot. Perhaps home prices will not soar at the same rate as they did in the last ten years during our era of hyper inflation, but most housing experts expect home prices to increase at about 6% per year for the next ten years. If you buy a home for $80,000, it would increase by $4,800 during the first year. The second year it should rise by 6% of the increased figure of $84,800, and so on. This is the beauty of compounding the increasing value of property. ’
Never look back and say, “Why . didn’t I buy a home ten years a|6,.
• when jfwas cheap?” If ygfrfoahar/; a renter and have any thought about, buying — don't hesitate. A home is and will be a great investment for the foreseeable future.
If there is anything we can do to help you in the field of real estate, please phone or drop in at EILEEN M. DAY, Realtor, The Clopton House, Washington, VA. 22747. Phone: 675-3400. We’re here to help.
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