The Real Estate Housing Market in Nashville is a great investment.
Here are some interesting FACTS***
The average 2-3 bedroom home in Nashville is around $200,000, and with the interest rates on home loans as low as 2.8% on a 15 year loan, your mortgage payment could be as low as half of what you are paying in rent.
The average family renting, in and around Nashville TN, is dumping on average from $1,500/ month up to $5,000/month.
That could potentially be $60,000 for one year of rent which would make for a great down payment on your OWN home!!
When you are a homeowner, you also get tax perks. Each year, homeowners can deduct mortgage interest and property taxes from their income.
Not only does owning a home bring more value to you as an individual, it is one of the safest investments available. Experts believe that home prices will continue to rise for the next few years and are predicting Nashville TN to grow by 1 million more people in the next 20 years. On average, Nashville property values are believed to increase by 11%-18% in just the next 3 years. That is a great return on your investment. As Nashville continues to grow and develop, it will also raise the value of not only Nashville properties, but for the surrounding counties of Middle Tennessee. I have seen this in the last 15 years of real estate, especially in areas of Brentwood, Nolensville, Franklin, Arrington, Murfreesboro, and Mount Juliet TN.
This is the time to BUY your home in Middle Tennessee. The 1st step in finding your dream home is finding a realtor to help guide you! I’m here to help you and make sure you’re taken care of. Call me today and I will walk you through this exciting experience of becoming a homeowner.
If you know anyone looking to buy or sell a home in Middle Tennessee, send them my way, I promise I will make sure they are in great hands.
The Doug Austin Team
Benchmark Realty, LLC