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How to Increase Your Equity Over the Next 5 Years

As the value of a family’s home (an asset) increases, so does their equity.

How to Increase Your Equity Over the Next 5 Years | MyKCM

Many of the questions currently surrounding the real estate industry focus on home prices and where they are heading. The most recent Home Price Expectation Survey (HPES) helps target these projected answers.

Here are the results from the Q2 2019 Survey:

  • Home values will appreciate by 4.1% in 2019
  • The average annual appreciation will be 3.2% over the next 5 years
  • The cumulative appreciation will be 16.8% by 2023
  • Even experts representing the most “bearish” quartile of the survey project a cumulative appreciation of over 6.7% by 2023

What does this mean for you? 

A substantial portion of family wealth comes from home equity. As the value of a family’s home (an asset) increases, so does their equity.

How to Increase Your Equity Over the Next 5 Years | MyKCM

Using the projections from the HPES, here is a look at the potential equity a family could earn over the next five years if they purchased a $250,000 home in January of 2019:Based on gains in home equity, their family wealth could increase by $42,000 over that five-year period.

Bottom Line

If you don’t yet own a home, now may be the time to purchase. Owning or moving up to your dream home could allow you to ride the increase in equity of a growing asset.

Home Price Expectation survey – Every quarter, Pulsenomics surveys a distinguished panel of over 100 economists, investment strategists, and housing market analysts regarding their 5-year expectations for future home prices in the United States.

Posted on July 30, 2019

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    Sep 29

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    Happy Friday, friends! 🥳

Check out our list of weekend events to find fun things to do this weekend! 

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    Sep 28

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    JUST LISTED | TWO NEW HOMES 🏡

‌ 🏠 13078 Lake Front Court, Orange, VA 22960 | MLS#646019 | $410,000 | ♿️ Wheelchair Accessible! | 🛏️ 2 bed 🛁 2 bath | 🎉 OPEN HOUSE Sunday, October 1st from 12 PM - 2 PM, hosted by Zoya!

🏠 803 Ridge Street, Charlottesville , VA 22902 | MLS#646021 | $350,000 | 🛏️ 2 bed 🛁 1 bath | 🎉 OPEN HOUSE Saturday, September 30th from 11 AM - 1 PM, hosted by Abby!

📩 Email showings@storyhouseRE.com with questions!

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    Sep 27

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    🏠 1634 Inglewood Drive, Charlottesville, VA 22901 | MLS#645568 | $400,000 | 🛏️ 3 bed 🛁 2.5 bath | 🎉 OPEN HOUSE Saturday, September 30th from 1 PM - 3 PM, hosted by Zoya!

This beautifully renovated home is as turnkey as can be!

This 3-bed, 2.5-bath, 1380 finished sq. ft. recently renovated and freshly painted home features valuable improvements such as a brand new roof, plumping piping, hot water heater, and first-floor luxury vinyl plank flooring!

Prepare meals in the light-filled updated kitchen and dine next to the wood-burning fireplace in the formal dining room! Rest easy in the spacious primary suite featuring three closets and an ensuite primary bath!

Enjoy all new landscaping and a freshly painted rocking chair front porch and back deck! Garden in the partly-wooded, partly-fenced yard and store yard tools in the large backyard shed!

📍 Enjoy being conveniently located within a quiet cul-de-sac, just minutes from Barracks Road Shopping Center, UVA, and UVA Hospital!

Ready to start the next chapter in your story? Email showings@storyhousere.com with any questions and/or interest! 🎉

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    Sep 27

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    “Everyone we worked with provided such clear advice and guidance that we felt well prepared moving through the process and making decisions.” 🤩 What an amazing review, thank you for the kind words, Lacey! 👏

One of the biggest benefits of working with our team for your buying and selling needs is having a dedicated group of experts guide you through the process. Our experience, market knowledge, and expert communication allows for the smooth and seamless experience that YOU deserve!

Ready to create your own success story? Reach out to our team today! 📞 🔑

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    Sep 26

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    COMING SOON | TWO NEW HOMES 🏡

🏠 13078 Lake Front Court, Orange, VA 22960 | MLS#646019 | $410,000 | 🛏️ 2 bed 🛁 2 bath | 🎉 OPEN HOUSE Sunday, October 1st from 12 PM - 2 PM, hosted by Zoya!

🏠 803 Ridge Street, Charlottesville, VA 22902 | MLS#646021 | $350,000 | 🛏️ 2 bed 🛁 1 bath | 🎉 OPEN HOUSE Saturday, September 30th from 11 AM - 1 PM, hosted by Abby!

📩 Email showings@storyhouseRE.com with questions!

#Charlottesvillerealestate #StoryHouseRealEstate #StoryHouseRE #startyournextstory #comingsoon #Charlottesville #StartYourStoryWithUs
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