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Financial Education Center

Financial Education Center > Investing & Investments
Other Investments
  • Primary Residence
  • Rental Property
  • Other Real Estate Investments
  • Life Insurance

Primary Residence

Do you consider your home an investment? The answer depends on how you answer the following questions.

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Will you be buying a smaller, inexpensive house when the kids move out and you're ready to retire? Do you plan to move to a less expensive area of the country? Although many people think about doing those things, the fact is that family ties and neighbors become more important as we get older. It's hard to pull up roots and move away.

View your primary residence as a use asset and not an investment. You live in it. It is not the same as a stock or a bond.

Buying a home does have advantages:

  • The interest on the mortgage and the real estate taxes are deductible. A home is the last tax shelter for middle-income people.
  • If you get a fixed-rate mortgage, your payments will remain the same, no matter what happens with inflation and interest rates. Compare that to the cost of living in an apartment.
  • You hope to eventually build equity, which will be there in an emergency.

Theoretically, in a rising real estate market, you can make money by periodically cashing out on your equity and moving to a cheaper home. However, from a financial point of view, moving from one house to another every few years may not be such a good deal. There are closing costs, moving costs, and realtor's fees. If you plan to purchase a home and live in it for a good portion of your life, it can be a financially prudent purchase.

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Meeting with NHTrust Team is without obligation or cost.

NHTrust is a trade name of the New Hampshire Trust and Wealth Management Company. Brokerage services are offered through INFINEX INVESTMENTS, INC., Member of FINRA/SIPC. Investment and insurance products are subject to investment risk, including the possible loss of value. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. Infinex and NHTrust are not affiliated.

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24 NH Route 25
PO Box 177
Meredith, NH 03253
603.279.7986
800.922.6872
Telephone Banking: 800.394.8769
NMLS#466022

© 2020 Truebridge, Inc.

  • Personal
    • Branch Management Team
    • Checking
    • Savings, Money Markets, CDs & IRAs
    • Health Savings Accounts
    • Overdraft Programs
    • Deposit Rates
    • Online, Mobile & Telephone Banking
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    • Personal Lending
    • GenGold Savings & Identity Theft Program
    • Safe Deposit Boxes
  • Business
    • Business Team
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    • GenGold® Business Partner Program
  • Resources
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    • Newsletter
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    • Directors
    • History
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    • Privacy & Security
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  • Personal
    • Branch Management Team
    • Checking
    • Savings, Money Markets, CDs & IRAs
    • Overdraft Programs
    • Deposit Rates
    • Online, Mobile & Telephone Banking
    • Home Lending
    • Personal Lending
    • GenGold Savings & Identity Theft Program
    • Safe Deposit Boxes
  • Business
    • Business Team
    • Checking & Savings
    • Lending
    • Online, Mobile & Telephone Banking
    • Services
    • GenGold Business Partner Program
  • Resources
    • Financial Education
    • Calculators
    • Routing Number
    • Newsletter
  • About
    • Careers
    • Community Involvement
    • Directors
    • History
    • Leadership
    • Locations
    • Privacy & Security
    • Statement of Condition
    • Values
  • Contact Us
  • NHTrust Financial Advisors
  • MeredithVillage Savings Bank
  • MerrimackCounty Savings Bank
  • Savings Bank ofWalpole
  • New HampshireMutual Bancorp