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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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"We were out-of-town buyers and bought our condo sight unseen. First time ever we did this but Russ helped us every step of the way. He sent us videos of the condo, showed the condo to our friend who lives in Green Valley, set up home inspections, and explained differences in Arizona real estate laws/processes to us clearly. He also sent us a timeline on when specific tasks needed to be completed, and he was always available to discuss questions or concerns. We never felt pressured – only felt that we were working with a professional who was looking out for our best interests. We would use him again in a heart beat!"
- J.S., Green Valley, AZ
"Very professional approach to all aspects of our transaction. His handling of this purchase allowed us to have total confidence that we were being represented by the best real estate agent for us. I would have no reservations in recommending Russ Fortuno to anyone else looking for a RealEstate Agent! "
- D.L., Green Valley AZ
"Russ Fortuno is a 5-Star professional who I highly recommend without reservation. He is knowledgeable, experienced, prompt, efficient, polite, fair, honest, and very personable. We interviewed four real estate agents and he was far and above the most experienced, proficient, and knowledgeable. He gave us excellent advice on how to prepare the house for the market, and directed us on having an estate sale. He sold our house in Green Valley, AZ before it even went on the market, and did an excellent job negotiating a fair price. Our entire family was thrilled with the service he provided to us. You cannot go wrong with Russ Fortuno."
- N. T., Highland Park, IL
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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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