While buying a home can feel like sinking into a major load of debt, at the same time it is considered an investment. That is if the home continues to add value. The value is of course a tricky thing to predict. Just like one runs the risk in investing in other things like savings, stocks, or even crypto currency, a home could come out to be a major win or a loss.

The win or loss in purchasing a home is dependent on whether the location when the home was bought is still a good one or perhaps a better one when it is time to sell the home. The design must be timeless to bring in interested buyers or it could put them off. Of course, there is also the financial investment to up keep the property to take in mind when deciding if a home has been a good investment or if it will be a good investment in the future.

Many homeowners choose a home because it is close to where they work or good schools for their children. It might be chosen because it is a good starter home, or one that can accommodate a growing family. The check list for a new home can include a multitude of things, and quite often one will be that the home should be an investment.

Some homeowners intend to use the sale of their home in their senior years to fund their expenses or travel goals. Others intend for a home to be an inheritance for their children or to be used to pay off debts.

Homeowners suffered and worried when the economic crisis occurred in 2008. House values plummeted and left many paying on mortgages that were way beyond the value of their homes. As other economic impacting situations came upon the UK, homeowners were of course cautious, but even more so where home buyers.

However, as Brexit brought years of stress upon the economy, the housing market remained resilient. Home values increased and the forecasted doom to hit the housing market didn’t emerge. It turns out those that purchased a home pre-pandemic were making a very good investment indeed.

It would have been a shock to no one, experts or consumers, that a pandemic would certainly cause a setback to the economy and the housing market. However, the pandemic helped create factors for the housing market to flourish. Interest rates dropped to historic levels which made borrowing cheap. Lockdowns forced a new look at current dwellings as they failed to fill the needs of a pandemic lifestyle and that pushed a desire to buy. 

Not only were hopeful home buyers seeking a dream home to fit their new needs, but many homeowners were moving home. 

Another unique situation was the most desired location was not the usual one, like close to night life, or busy city areas, or highly dense population city hot spots, but rather the country side which offered space and a peaceful setting.

Home sales surged despite buying a home required special restrictions outside the normal process due to the pandemic. 

Even as we come out of lockdowns and restrictions, buyers are still interested in the market. 

Many of those that purchased their home before the pandemic are finding they have unique situational shaped choices available. They could sell quickly, easily, and in some cases with little preparation to make the property top shape because demand in some areas is so high. Selling is definitely an option, but so is staying put and saving money or investing back into the property to increase the future resale profit later.

Remortgaging could offer a homeowner a cheaper cost on their mortgage. A lower interest rate could bring savings. The average savings per month for a homeowner remortgaging has been reported at £400. With higher home values, the built up equity could be turned into cash with an equity cash release remortgage. The money in hand could be used for anything the homeowner desires, but many during the pandemic have chosen to do upgrades and improvements to make their current home their best pandemic lifestyle home.

Choices to move home or stay put might require some lengthy thinking or research, but one thing remains steady with either choice, whether a mortgage or remortgage is chosen, with low interest rates saving money on borrowing is a possibility. Also, years ago, becoming a homeowner was likely a smart financial investment choice.