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This Is How Long It Takes To Recoup Your Investment After Buying A Home | Forbes
Source: Photo by Naomi Hébert on Unsplash

This Is How Long It Takes To Recoup Your Investment After Buying A Home | Forbes

When buying a home, it takes an average of four years to break even on the upfront costs of the purchase, such as a down payment and closing costs. The study also shows that the rate of return is expected to fall between 8% and 10% each year. These figures demonstrate that buying a house may not be worth it if you plan on living there for less than five years, otherwise you risk losing money. A piece of advice to help increase the rate of return is to refrain from stretching your budget and not buying more house than you need.

Source: https://www.forbes.com

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