When we talk to people about our venture, many are skeptical. Some wonder whether or not real estate is still one of the best investment strategies for long-term wealth building. Others wonder whether investing in Norfolk Homes for Sale is smart… Is a home still the best investment of a lifetime for most Americans? Is Norfolk a solid option for investors and residents? And, where did all these pessimists come from?
We’ve said it before, but statistics can be found and twisted to support any argument. Most Realtors will tell you the benefits of acquiring real estate. It’s their job to sell, and they make the case that buyers have something tangible at the end of the day. On the other hand, a Realtor who is also a Landlord may discourage purchase in order to get more renters. Home ownership, or rather the decision to opt for it, is really quite personal. It doesn’t work for everyone. And that’s okay.
But, because we strive to redevelop Norfolk one home at a time, you should know that we place a higher value on home ownership than renting. This presumes application of a few key concepts. Location, Location and Location are the three most important concepts when purchase is considered. And next comes what is affordable. They buyer who takes on a larger mortgage than is feasible is heading down a painful path!
Invest in a Home, Even if You Can’t Afford the one of your Dreams
Among the top excuses for not buying a house is that the ideal dream home is out of reach. But, failure to invest in real estate in some way now stacks the odds against these people ever being able to afford their dream home. Incomes haven’t been going up, but rents and home prices have. A real estate investment is a historically solid way of building wealth and cash to buy that dream home!
Did you know our City is on the move, and that there are some really exciting plans to revitalize communities that have struggled in recent years? There are changes taking place right now that will make the waterfront and key neighborhoods more attractive to businesses and individuals alike. (We are excited to be a part of this – and we look forward to sharing details in future posts!)
I’ve said it before, and you can be sure I’ll say it again: Norfolk has a wealth of resources – her people and her port. Her climate and southern charm!
There will always be pessimists, but we don’t have to succumb to that mentality! We are confident in the value home-ownership builds. If you see ownership of a home as a building-block for YOUR financial security, please feel free to contact us. We’d love to tell you about a little renovation project we’ve got going just down the road! Very soon we’ll add it to the list of Norfolk Homes for Sale!