The greatest investment of all…
When I purchased my home back in 2000, I had only one thing in mind - to fulfill the American Dream. Ever since I started working, I have had this goal. I remember watching home improvement shows on TV and sometimes they would feature subjects like, “What to look for when you buy your first home.” I would get my notepad, sit down and write the points that I find very useful in order that when the time came that I am able to purchase my home, I know what I should look for.
That time arrived in the Spring of 2000 and I remembered the show that I watched a few years back. It said that there are three important things that you must look for when purchasing a home. Location, location and location. I dwelt on those words of wisdom, found a location where I would like to live, researched the area and its growth potential in the next five years. VOILA! I found my home.
Since 2000, the value of my home has tripled. This was due to the housing boom in the early 2000 until the ‘burst of the housing bubble’. The good part was my decision going by the words of wisdom, “Location, location, location!” The price of my home have declined just like the rest but it hasn’t declined that much. The best part of this investment was my ability to pay off unsecured debts using the equity of my home through debt consolidation. It has helped me create a better financial future for me. Clearing out my unsecured debt with tax deductible interest has paved the way for me to plan a better financial future.
I admonish you to make it your goal to purchase a home as soon as you have saved enough capital so that you can work your way towards a better future. This is the one investment that I will never regret. Actually, an appraiser just left my house this morning. I am looking to pull more equity to purchase my next home. I will rent the home where I currently reside that will create a positive income for me while I look for the home of my dreams.
Wish me luck!
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