Apartment ownership is still a crucial part of many Ethiopian dreams. For those people who own an Apartment, (and those looking to buy one), it’s clear that being a homeowner has considerable benefits both emotionally and financially. In addition to long-term stability, buying an Apartment is one of the best ways to increase your net worth. This boost to your wealth comes in the form of equity.
Equity is the difference between what you owe on the Apartment and its market value based on factors like price appreciation. The best thing about equity is that it often grows without you even realizing it, especially in a sellers’ market. In today’s real estate market, the combination of low housing supply and high buyer demand is driving Apartment values up. This gives Apartment owners a significant equity boost.
What does all of that mean for you?
If you are already an Apartment owner, you likely have more equity in your Apartment than you realize. If you’ve been in your Apartment for longer than a year, you’ll likely have even more equity than that. That equity can take you places. You can use the equity you’ve gained to fuel your next move, achieve other life goals, and more. On the other hand, if you haven’t purchased an Apartment yet, understanding equity can help you realize why Apartment ownership is a worthwhile goal. Don’t miss out on this chance to grow your net worth.
If you want to learn more, Metropolitan Real Estate will be a trusted advisor in helping you understand where Apartment prices are today, how they contribute to an Apartment owner’s net worth, and the impact equity can have when you own an Apartment.
Let us connect today, on Metropolitan Real estate, which has multiple ongoing projects such as Metropolitan Central Tower Luxury Apartments are around AU headquarters. Metropolitan Westview Standard Apartments located at Total Soset Kuter Mazoriya and the Metropolitan Residence located around Bole Main Road, In front of Mega Building. If you are ready to begin your journey on the way to becoming a homeowner, please contact us with the Ethiopian office: +251973404040 and USA office: +1480 280 2242.