3 Reasons Why Waiting to Buy a Home Might Cost You

By Greg McCarthy

Greg McCarthy is a Broker and co-owner of The McCarthy Group at Keller Williams Realty Metropolitan in New Hampshire. Greg’s been a REALTOR in New Hampshire since 1999. He’s passionate about having helped over a thousand families with their home ownership needs throughout Southern New Hampshire.

In the ever-evolving landscape of real estate, the decision to buy a home is a significant milestone that requires careful consideration. While the market may seem unpredictable, there are compelling reasons why now might be the ideal time to take the plunge into homeownership. We’ll explore the top three reasons why buying a home now instead of waiting could prove to be a wise investment:

1. Home values will always rise over time. One of the most compelling arguments in favor of buying a home now is the historical trend of home values consistently rising over time. In the past 25 years, New Hampshire home values have appreciated at an average rate of 5.6% per year. By entering the market sooner rather than later, you position yourself to benefit from this upward trajectory.

2. Building costs keep going up. There’s no reason to believe that homes will get any less expensive to build. Over the same 25-year period, the cost of building a home in our area increased by an average of 5.4% per year. The cost of new construction homes is unlikely to come down any time soon.

3. Start building home equity sooner. The average homeowner has 60% to 70% of their wealth in real estate. By buying a home now, you start the wealth-building process sooner. This allows you to capitalize on the potential for increased property values in the years to come.

While the decision to buy a home needs careful consideration, evidence suggests that waiting may not be the best strategy. If you have any questions about buying a home or would like to discuss your options, please feel free to reach out by phone or send me an email at greg@themccarthygrp.com. Let’s work together to make your homeownership dreams a reality.