Buying a house is a great investment — if you need a home

Source: The Mortgage Reports — 

Is a home an investment?

Many people don’t think of their home as an investment vehicle. Unless it’s a property you plan to rent out or fix-and-flip, you might think a house is just a place to live.

But the truth is, your home is an investment in many ways.

You’ll be putting a lot of money into the property — and its value can rise or fall with the economy. Plus, unlike renting, a house helps you build wealth.

Many experts believe buying a home is a great investment because it’s a fairly safe place to put your money, and home values generally increase over time.