Long-Term Home Ownership has Value

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These days, homeowners are choosing to stay in their Richmond maintenance free homes longer; and, not only are buyers choosing to stay in their homes longer, but they also have a positive long-term view of homeownership according to the 2010 National Association of REALTORS® Profile of Home Buyers and Sellers survey.

Typical sellers live in their homes an average of eight years before choosing to move on. However, the survey reports that first-time buyers plan to keep their homes for 10 years, and repeat buyers plan to stay in their property for 15 years. Why? Vicki Cox Golder, National Association of REALTORS® (NAR) 2010 President, asserts that long-term homeownership promotes stability and increases the value of the buyer’s investment.

In fact, those who stayed in their homes only eight years saw a 24 percent increase in equity while buyers who chose to live in their homes for 11 to 15 years saw a gain of 40 percent. This even reflects the decline in the housing market that we’ve seen over the past several years.

If you’re shopping around for a new home and planning on living in it for 15 years or longer, then why not choose a home that fits with your busy lifestyle? In a no maintenance home constructed by Richmond home builder Boone Homes, you’ll be free from the chores of home maintenance including:

  • Lawn care
  • Grass Cutting and Leaf Removal
  • Seasonal Chemical Applications
  • Lawn Irrigation
  • Snow Removal
  • Annual Gutter Cleaning
  • Exterior Painting

Don’t spend the next 15 years of your life worrying about home maintenance. Call Chris Parks at 804-218-7760 for a personalized tour today. For more information about our no maintenance homes, visit our website.