Are your considering purchasing Chesterfield County real estate?
If you have any doubts about the true value that a home represents, visit your local home improvement store on a Saturday morning. After a hard week’s work, what could possibly motivate people to walk the aisles seeking plants, decorative fixtures or new appliances? The answer is homeownership. An integral part of the American dream, a home is where memories are made and how many individuals gain the opportunity to build wealth over time. Homeownership has a significant impact, not only on the individual but also the community and economy at large.
“Housing contributes to GDP in two basic ways: through private residential investment and consumption spending on housing services. Historically, residential investment has averaged roughly 5% of GDP, while housing services have averaged between 12 and 13%, for a combined 17 to 18% of GDP.” Read the full article here
Source: National Association of Home Builders (NAHB)