3 Benefits to Buying Your Dream Home this Year
Finding the perfect time to buy a home is a challenge that requires research and a bit of luck. While timing the purchase perfectly might be desirable, the truth is the right time is a personal decision. As we enter 2020, you might be wondering if this is the right time to buy your dream home. Here are 3 great reasons why you should consider buying that dream home in Asheville, NC this year.
1. A Home is a Great Investment – Real estate remains one of the best investments one can have. Based on hard assets, real estate tends to weather the ups and downs long term better than other investment tools, such as stocks or bonds.
2. Mortgage Interest Rates are Low – Interest rates have fallen over the past few years from 5% in November of 2018 to an expected 3.8% in 2020 per Freddie Mac. This extra purchasing power is important when buying your dream home and this is a good time to lock in that rate for the next 30 years.
3. Hedge Against Inflation – Rental costs continue to rise.. A fixed 30-year mortgage freezes your housing costs and works as a buffer from inflation which is
impacting the rental market.
Owning property is almost always a good investment. If you’ve been thinking about exchanging your current home for your dream house, 2020 could offer the right time to move up. Give an agent at Asheville Realty Group a call today.
About Asheville Realty Group
Asheville Realty Group is a boutique brokerage firm offering full-service real estate services. We have locally experienced agents who specialize in residential homes, luxury homes, country-side acreage and everything in between. We love Asheville and the surrounding mountain communities that we call home!
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