Have you thought about owning a house in the past, but wasn’t sure if it was the right decision for you? Besides the benefits of living in your own property instead of someone else’s, owning a home can also be a sound financial investment. Here are 4 reasons why homeownership is a good investment in Ventura County
There are many kinds of investments out there – stocks, bonds, crypto currency, oil, art, etc. – but some would argue that one of the best investments is real estate. Unlike some of the other investments, you have a little bit more control when it comes to owning real estate. If you are curious about whether its right for you, here are 4 reasons why homeownership is a good investment in Ventura County
Reason #1. It’s a Real Asset
Some investments, such as stocks, are “paper” assets and do not have any real value themselves. If the stock market decreases considerably, there is not much that you can do about it. Real estate is a real asset and it has real value.
Reason #2. Upward Trend
One of the best things about real estate is that real estate prices have historically gone up over time. Of course the real estate market has cycles, but in general, housing prices are higher than they were 20 or 30 years ago.
Reason #3. You Can Increase The Value Of Real Estate
As stated earlier, you have some level of control over the value of real estate, which makes it a very powerful investment vehicle. If you buy a house at a certain price, you can oftentimes make improvements and/or repairs that will increase the value of the house. Upgrading kitchens or bathrooms can have a pretty significant effect on the value of your house, but even small things like painting can increase the value as well. With investments like stocks, you really can’t control the price as you can with real estate.
Reason #4. Stability
Besides the monetary aspects, one advantage that owning your own homes gives you is stability. If you are renting a place to live, the owner can decide to sell the property at any time. Even if you have a lease, you are not assured that you will be able to stay there once the lease is up. The stability of owning a home and the corresponding monthly mortgage payments can also translate into a better credit score.
If you are currently renting and debating whether or not you should buy a house in Ventura County, hopefully this gave you some ideas to consider. Real estate is often a solid investment and here are 4 reasons why home ownership is a good investment in Ventura County.