Found 3 blog entries tagged as building wealth.

4 Surprising Things That Will Increase Your Homes Equity

Investing in real estate is generally considered a sound strategy for growing wealth, especially in areas where home values are rising, like The Research Triangle. Home equity is a homes value minus liens or debts against a home. There are a number of factors within and outside of a homeowner's control that amounts to a home's equity. To grow home equity and its’ values there are some surprising things you may not be aware of. As experts in home values in The Triangle, we are sharing some of our top "surprising" tips.

  1. Meticulous Renovation Documentation

It is well known that investments in renovations such as a new roof, a kitchen upgrade, or bath upgrades increase the value…

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Homeowners Net Worth

A Homeowners Net Worth Is 40x Greater Than a Renter's

One of the best ways to build your family's financial future is through homeownership. Recent data from the Federal Reserve indicates the net worth of a homeowner is actually over 40 times greater than that of a renter. Maybe it's time to start thinking about buying a home, especially when they are so affordable in today's market.

Every three years the Survey of Consumer Finances shows the breakdown of how owning a home helps build financial security. In the graph below, we see that the average net worth of homeowners continues to grow, while the net worth of renters tends to hold fairly steady and be significantly lower than that of homeowners. The gap between owning and renting just keeps…

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Investing In Real EstateAt any given time I'm always working with a handful of investors, most of whom have experience and who have very specific criteria for me to work with. In most cases these clients are looking to exchange a lump sum of money for a rental income cash-flow. Because of that, I've put together: A Beginners Guide to Investing in Real Estate for those buyers in the Durham, Hillsborough, Carrboro, Chapel Hill market.

In the past 6 months; I've been inundated with would be investor buyers; most of whom are discouraged by the almost non-existent interest their money is earning sitting in a bank, and many expressing concerns about the stock market. As I tell them, “Trust me; I understand exactly where you're coming from.”

What I know that most of them don't is…

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