Invest in yourself as you buying a home. It is true that buying a home is a long term investment, but it is worthy because it is an investment in yourself.
There are a number of reasons to buy a house when you decided to do this. One of the principal reasons includes the pride of the ownership. In addition the value of the property increases over time. Good news is that over the past three or four years home equity grew at an annual rate of 20.5 percent. The statistics are clear. At the same time, you should be paying down your mortgage debt. Combined, these two actions unavoidably result in your living in a property that acts as a kind of savings account.
Other important benefits to buying a home include:

•  Homeowners can modify their property when they decide and as they wish in contrast to renters. Moreover every improvement can lead to rising the value of a house, in turn giving owners more money when they decide to sell.
• Through home equity loan homeowners can tap into the value of their house for other purchases, such as a car or college education.

Home equity is the largest component of personal wealth for about 90 percent of people.
As is typical with capitalism, the very nature of this savings system is starting to bear new services as baby boomers grow older. In this case, we are talking about the reverse mortgage products flooding the market. Reverse mortgages essentially allow you to cash out of your home while still living in it. Whereas you pay a lender with a traditional mortgage, the process is flipped around with a reverse mortgage as a lender pays you in exchange for chunks of your home equity. Some people are comfortable with this while others are not. What is undisputed, however, is this product only exists because homes are the de facto savings accounts of most people.
As you get older, you are going to want to retire. How can you do that if you haven’t planned for it by saving money during your peak work years? The only way is to buy a home and invest in your future.