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Premium Gated Community House Plots at Mala .
45 Cents(Commercial) with 99 feet Highway frontage, Pallimukku, Ernakulam.
55 Cents(Commercial) with 130 feet NH 47 frontage, Vytilla,Ernakulam.
45 cents with 115 feet NH 47 frontage Kundanoor - Nettoor, Ernakulam.
42 Cents with 130 feet NH 47 frontage, Vytilla-Kundanoor, Ernakulam.
48 cents with 98 feet NH 47 frontage, Edappally - Vytilla,Ernakulam.
55 Cents(Commercial) with 130 feet NH 47 frontage, Vytilla,Ernakulam
45 cents with 100 feet NH 47 frontage on Edappally - Vytilla Road, Ernakulam.
117 cents with 120 feet NH 47 frontage Edappally - Vytilla Road , Ernakulam.
30 cents with 100 feet NH 47 frontage Aluva By Pass, Aluva.
5.0 / 6.5 Cents House plot at Carmel, Aluva.
20 Cents House plot at Aluva.
33 Cents Commercial Land , 45 Mtrs NH-47 Frontage, Aluva.

22 Cents of land with house at Meloor , Chalakudy.
18.5 Cents House plot near SCMS Engg: College,Karukutty.
6.5 / 8.5 Cents House plots at Udayamperur, Ernakulam.
08.00 Cents House plots - Near Cochin International Airport.
24 Cents - House plots at Nedumbaserry, Aluva.
5 Acres of Prime Land at Mala.
5 / 6 / 10 / 12 Cents House plots at Kadungalloor, Aluva.
22 Acres - Coconut Estate with 4500 Sq Feet Farm House.
55 Cents Land 5 Kms from Cochin Airport - NH-47-Attani Junction.
Houses at various Locations in Aluva -Ranging from 20 Lakhs to 50 Lakhs
Houses in 4 - 10 Cents with 2-5 Bed rooms at Aluva.

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Wealth Building – An Advantage Of Home Ownership

As you grow older, the issue of wealth building comes front and center. Wealth building simply refers to increasing the net value of your total assets. Wealth building over time is one of the advantages of home ownership.

Building Equity

Owning a home can help you build wealth in two ways. First, you build equity by paying down your mortgage. A certain percentage of each mortgage payment goes towards a reduction in the total amount owed. Typically, payments in the first few years of the mortgage are primarily applied to interest on the loans. As time passes, however, more and more of each payment is applied to the outstanding loan amount. Before you know it, the $300,000 loan is down to $50,000 and you’ve gained $250,000 in wealth.

Appreciation is the second wealth building advantage to home ownership. Each year, the value of your home will increase or decrease slightly based on market prices. Over time, real estate has always appreciated in value. In the current market, homes in some parts of the country are appreciating at rates as high as fifteen to twenty percent! Appreciation is a very popular subject with homeowners.

Wealth Building Example

Let’s look at a simple demonstration of how advantageous home ownership can be. Assume you buy a home in 2005 for $400,000 and, for the purpose of simply


mathematics, pay no down. Over the next 10 years, your mortgage payments reduce the outstanding mortgage by $100,000 and the home increases in value to $600,000. The value of your home as a net asset has grown to $300,000 [$600,000 minus $300,000]! If you had rented during this period, you would have missed out on $300,000 in wealth. This simple example should show you the advantage of home ownership.

Historically, home ownership is one the best ways for families to build wealth. If you don’t currently own a home, you should start looking for one.


About the Author: Raynor James is with http://www.fsboamerica.org - providing FSBO homes for sale by owner. Visit our "sell my home" page at http://www.fsboamerica.org/seller.cfm to list and sell your home for free for one month. Visit http://www.fsboamerica.org/buyer.cfm to see homes for sale by owner.

Source: www.isnare.com