However, a more common goal that many people share is to have more money for retirement and your first time home can be instrumental in achieving that goal.
There’s a specific timeline that many homeowners will experience through their lifetime. Your first home purchase will likely not be your last, as the family grows so will your need for more space or better locations. Once the children are older and leave home, many homeowners feel inclined to downsize homes.
It’s within these typical life events that lies a great opportunity to make money, if you are mindful and learn to treat your home purchases with an investment approach, you will be able to meet your goal of making more money for retirement.