Ask Sir Walter: A New Home is a Stable Investment

Q: With the current economy, how can I justify building my dream home? - Shaken by the Economy

A: Dear Shaken by the Economy:
During the last few years, it was not uncommon for many of us to see a 15-20% return on our stock portfolios. We have all seen that the financial landscape can rapidly change!

The good news is that land is historically a great investment—and land with a new home is even better. Property continues to be a stable investment and today's loan rates are incredibly low. Of course, the tax deduction, appreciation of your property's value and staying ahead of inflation are also strong reasons to build your new home.

I know there are some people out there kicking themselves right now for not investing in their dream home months ago. Their net worth was at an all-time high—and it still would be today if they had closed quickly on their Lindal dream home.

That is why when you are investing in a new home, the quality is extremely important. The higher the quality, the higher the resale value and the more marketable your dream house when you decide to sell. So, you can increase your net worth and personally enjoy your new home every day!

One final piece of advice: remember, you are not reducing your net worth, you are just investing it differently than you may have planned before the change in the economy.

Best regards,
Sir Walter Lindal

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