By Tracey Henkels, June 14, 2024
Buying a home is the most expensive and important financial transaction most people will ever make. It’s also the strongest tool and best hedge they will have in their portfolio to fight inflation. While money invested in a stock may go down, historically, your home appreciates in value over the long-term. And as you build equity in your home, you increase your overall net worth.
Benefits of Owning Your Home:
- A fixed-rate mortgage offers a predictable monthly payment, even with the changes in tax and insurance costs.
- The interest you pay on your mortgage, insurance premiums and property taxes may
- be deductible. Consult your tax advisor for more information.
- You can make any changes and renovations you desire, without asking for your landlord’s permission.
- When you have a HELOC (home equity line of credit), you can tap into it for home improvements, renovations or other needs.
Homeowners in 2022:
- Gained an average of $34,300 in equity in the third quarter
- Had an average of $300,000 in total equity.
- Sold for a median of $85,000 above the purchase price
If you, or someone you know, are interested in a more in-depth analysis of how much your home has appreciated since you purchased it, please reach out! I’d be happy to create a report for you.
Tracey Henkels
Principal Broker | Earth Advantage | OR
She/Her
Tracey grew up rooted in the rhythms of her family’s Iowa apple orchard, where rising with the sun instilled a deep work ethic and a grounded, thoughtful approach to life. That Midwestern foundation shapes the values that Tracey brings to her clients: compassionate guidance, perseverance and a commitment to making a difference for the people she serves.
With a degree in Architecture from Iowa State University and six years of experience in the architecture field, Tracey has a keen eye for design and a deep understanding of how homes are built—literally and metaphorically. In 2004, she transitioned into real estate, combining her technical expertise with a passion for helping people find a sense of sanctuary and belonging.
Tracey is known for her integrity, patience, and optimism, making her a trusted advisor and advocate for our clients. She thrives on helping people navigate important transitions, whether buying their first home, selling a cherished property or finding the perfect place to put down long-term roots.
Tracey is deeply connected to her community and is passionate about making a meaningful impact beyond real estate. She’s been a resident of the Hosford-Abernethy neighborhood in SE Portland since 2002; you’ll often find her in her garden nurturing vegetables and flowers, hosting neighbors and friends, exploring Oregon’s great outdoors, or planning her next travel adventure. Through every step of her clients’ journeys, Tracey embodies the grounded guidance and thoughtful care that define Rooted Realty.
Tracey works as a team, alongside Kelsey Burkett, Broker Licensed in OR. You can read more about them on their website: Rooted Realty.