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18 Jun 2015

Have you considered home ownership as an investment?

Author: Vincent Courtney

A good portion of every family’s wealth comes from the equity in the home they live in. As the value of their home (an asset) increases so does their equity.

Romans has taken a closer look at what this means for you, based on property price predictions for the next five years from the Centre for Economics and Business Research.

House price forecast

They then looked at the five-year impact this would have on the equity of a family that purchased a home in January for £350,000, which is the cost of an average home in Berkshire (Rightmove).

Family wealth

Their family wealth (based on increased equity) would increase by £57,616 over the next five years.

If you don’t yet own perhaps you should be thinking about purchasing” comments Vincent Courtney, Sales Managing Director at Romans. “Or, if you already own, maybe it’s time to move up the ladder to enjoy your dream home and also enjoy the increase in equity of the larger asset.”

If you’re ready to sell your home why not request an up to date property valuation, or for more information about property equity talk to the team at your local Romans branch by calling 01344 985 666.

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