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You are here: Home / Blog / Tips for Home Buyers

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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"Excellent service, he sold the house in 2 days. I will definitely recommend him. He’s so easy to work with and very knowledgeable of the area. "
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"My experience with Russ selling my mom’s house for us was great. I’m in northern Idaho and he dealt with everything for me with out me having to go to Green Valley. I feel he went above and beyond the call of duty. I not only recommend him, I am going to use him to sell mom’s other house. THANKS, Russ."
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Russ Fortuno, Associate Broker

I'm a Southern Arizona native and year-round Green Valley resident. Whether you’re buying or selling a home in the Green Valley or Sahuarita area, 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

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