August finds cicadas buzzing in the trees, thunderstorms chasing away the heat (temporality, at least), county fairs, and beach outings. |
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| I'm licensed in Indiana! I can now assist you with sales, purchases, or rentals in Illinois, Wisconsin and Indiana. |
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Why Long-Term Real Estate Goals Matter More Than Short-Term Headlines |
If you’re considering a move, it’s essential instead to keep your long-term real estate goals front and center. Whether you're a first-time homebuyer, a move-up buyer, or someone looking to downsize or invest, focusing on your personal goals always beats reacting to short-term real estate market noise. Mitch Burns, Private Office advisor and license partner, Engel & Völkers Hilton Head Island Bluffton, offers insights about the importance of clients keeping their eyes on the horizon, not the headlines, and about his South Carolina coastal town and resort island market.
Focus on the Big Picture: Years, Not Weeks
“Over the last several years, particularly during the pandemic, many people got used to the idea of fast, dramatic returns,” says Mitch. “But if you zoom out and look at real estate from a 20- to 25-year perspective, the average appreciation is typically 3%–4% annually. If you’re holding a property for seven years, which is the national average, you’re looking at a potential 21%–28% return. That’s without even factoring in the lifestyle benefits or potential rental income if the property is used as an investment.”
That long-term, steady growth is one of real estate’s greatest strengths. It’s a tangible investment — something you can live in, rent out, or enjoy with family and friends. And over time, it tends to build equity in a reliable way. Mitch emphasizes that homes aren’t just financial assets; they’re lifestyle anchors where memories are made, families grow, and futures are built.
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Want to read more about Booker Group's house flips? |
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This townhouse on Dodge in Evanston needs a full gut rehab, and is our largest project to date! A few days ago, our contractors started putting on a new roof while gutting the interior. Next up, a new kitchen, bathrooms, windows, and reconfiguring the first floor to give it more of an open concept floorplan.
Assuming no budget surprises, we'll also finish the basement, transforming it into useable space and adding a full bathroom. Follow us on YouTube for project videos. |
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F E A T U R E D P R O P E R T I E S |
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1 Bath - 600 SqFt
5415 N. Sheridan Road, #307
Chicago, IL 60604 |
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2250 Dayton Unit 3,
Chicago, IL 60614 Represented seller |
| 1702 Dempster St., #1
Evanston, IL 60202 |
| 2250 Dayton Unit 2
Chicago, IL 60614 Represented seller |
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Franklin, WI Represented buyer |
| St. John, IN Represented buyer |
| Chesterton, IN Represented seller |
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Did you miss last months newsletter? |
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Engel & Völkers - Chicago North Shore 566 Chestnut Street 2nd Floor I Winnetka I IL 60093 224-420-0040 - Ellis 847.418.7318 - Erin
erin.booker@evrealestate.com I erinbooker.evrealestate.com |
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