https://www.compareclosing.com/blog/build-home-equity-on-your-new-home/ 4 Ways to Build Home Equity on Your New Home It’s out there. Buying a new home is one of the most intriguing processes. There is too much thought which goes in when looking to buy a new home. When it comes to real estate, you are looking for a comfortable place to live, at the same time, it should also be a sound investment. Below are four tips so that you can build Home equity and do not end up underwaters on your new home. Location Be strategic about where you buy your new home. Do your homework on which areas are getting good appreciation in home values. Sure, you want to buy where population and amenities are growing, but you also need to understand what’s driving the local economy? Home prices mirror income levels! So, look for communities with mixed and expanding job base, where salaries are growing. It is also possible that the home value may not appreciate as anticipated, bu...
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