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If you pul the same $20,000 into purchasing a $ 160,(XH) home and it appreciates at only 59, you'd make a great deal more. The reason is leverage. The 5% increase will be based on the ENTIRE value of the home—$160,(XX)—not the down payment. Eive percent of $I60,(XX) equals and effective return ot $8,(kX) which is 40% of your original $2(),(XX) investment.
When you consider the mortgage interest and property tax deduction, the return is even sweeter. There is no better or safer investment today than home ownership. We can help!
If there is anything we can do to help you in the field of real estate please stop in at EILEEN M. DAY. Realtor, The Clopton House, Washington. Va. 22747. Phone 675-3003. We're here to help.
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