Why Owning a Home Is Worth It In The Long Run

Considering today’s mortgage rates and home prices, you might be wondering if buying a home is still the right move. While market conditions are always a factor, it’s important to zoom out and see the bigger picture: the long-term benefits of homeownership, especially in sought-after areas like Bethany Beach, DE, and Ocean City, MD.

If you know someone who bought an oceanfront home or a coastal property in our area 5, 10, or even 30 years ago, they’re likely thrilled with their investment today. Why? Over time, home values have consistently grown, leading to significant increases in homeowners’ net worth.

Home Price Growth Over Time

Take a look at national trends: Over the last five years, home prices have increased by more than 57% on average. That means homeowners have seen remarkable returns in just a short period.

Looking at an even broader timeline, home prices over the past 30 years have appreciated by over 320% nationally. That’s right—coastal properties that were purchased decades ago have often tripled in value! For example, a beachfront home in Bethany Beach or a bayfront gem in Ocean City bought 30 years ago could now be worth significantly more.

These gains aren’t just numbers—they’re a testament to how homeownership can be a powerful tool for building wealth.

All In All…

Yes, today’s market is complex, but that doesn’t mean it’s not worth entering. If you’re ready and able to buy, now is the time to secure your piece of paradise. As your trusted real estate team for Delaware and Maryland beaches, we’ll guide you every step of the way. Let’s connect and talk about how you can take advantage of the long-term benefits of owning a home, from building equity to enjoying the lifestyle that comes with owning your dream coastal property.