Owning a home can be a very smart financial decision. The value of your home is likely to increase over time. If you stay in the house long enough (typically at least 5 to 7 years), you could profit when selling your home. Housing prices can shift for various reasons, but recent growth in the housing market has led to housing prices increasing in most markets across the country.

With today’s mortgage rates and mortgage refinance rates sitting comfortably below 3%, you may be considering buying a home. With rent remaining high in Oregon, it may be a very good time to make a home purchase.

Remember: To ensure that your home maintains and/or increases in value over time, take care of it. Updating electrical and HVAC systems, replacing damaged roofs, and renovating outdated areas of the house can add value to your home (while making it more comfortable to live in).

Feel free to reach out to Scott Bennett at 503-703-4699 or scott@altmo.com to talk about your current situation.