We buy a home hoping that it will increase in value. We watched for years as homes made a steady upward climb. It began to seem almost impossible that this steady progression would stop, but it did.
Just like any investment we don’t have a lot of control over what ultimately happens when it comes to the market. This said, we do have control over where to buy, how much to spend and how much to improve the property.
Consider for a moment that you purchase a home with the idea that it will never appreciate. Even if the price of the home never goes up, you still are collecting monthly rental income while you pay down the mortgage. You can also increase the property value by making updates that will bring value to the home. How much can you afford to lose. Before buying is the time to decide how much risk you can take and if investing is right for you.