If you own a home in the greater South Central Wisconsin area, you are very fortunate to have reaped the benefits of the unprecedented price appreciation over the past few years. In Dane County, we’ve seen the median home price consistently increase by 5-10% every year – some of the most desirable neighborhoods and properties have had prices increase by +15%! This pushes up the estimated valuation of the surrounding, comparable homes, simultaneously increasing home equity for the homeowners.
It’s been a humbling experience to help first home buyers purchase a home with 3-5% down, and then re-sell that home 2-5 years later with more than enough equity to leverage to purchase their next, more expensive home with over 20% down. Local homebuyers are making smart investment decisions by jumping into the housing market and seeing fantastic gains year over year.
Building family wealth often starts with home equity and is supplemented by alternative investments, budgeting, and financial risks. Real estate continues to be an incredible long-term investment, with less volatility over an extended period than traditional investing. PLUS, it provides you with something greater that you cannot put a price on – the feeling of being home.
