New Smyrna Beach Home Values Increasing

A substantial portion of every family’s wealth comes from the equity in the home they live in. As the value of their New Smyrna Beach home (an asset) increases so does their equity. Let’s look at a possible case scenario based on the latest Home Price Expectation Survey.

Here is a chart showing the survey’s projections on annual appreciation over the next five years:Projected Lake Mary Home Appreciation

We then looked at the five-year impact this would have on the equity of a family that purchased a New Smyrna Beach home in January for $250,000:

Projected Lake Mary Home Values

Their family wealth (based on increased equity) would increase by $47,772 over those five years.

Why you should buy a home now…  If you don’t yet own, perhaps you should be thinking about purchasing. If you already own, maybe it’s time to move up to enjoy your dream home and also ride the increase in equity of the larger asset.

Start searching for your home now in New Smyrna Beach, Edgewater, Oak Hill, Port Orange, Ponce Inlet, Daytona Beach Shores, Ormond Beach and Daytona Beach.

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