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Twelve years later (1962), that house sold for $250,000, eighteen (1980) years later it sold for $1.5 million. I have no idea what it might have sold for recently.
While we had an Alexandria mailing address, we were actually four miles outside of the city proper, and eight miles outside of Washington, DC proper... so, the location was perfect.
I now live in East Tennessee with my second wife, and we purchased a home for $125,000 in 2002 and sold it for $375,000, twenty-one years later in 2023. While it was not the growth that my parents experienced, it was still substantial growth for East Tennessee. We felt very good about our investment.
Real estate has always been a good investment for families to make and if they are mindful about what they are doing and are willing to move into a new house every three to five years, it is possible to trade up to your dream house in less than twenty years.
Twenty years may seem like a long time, but it goes by very quickly.
When making improvements to your house, those improvements should only be made in the Kitchen and bathrooms. Adding a large deck or a pool, or a spa does not really help with the resale value of the house.
What helped my parent's home increase so much in value was LOCATION. Hard to beat being right outside the Nation's Capital... but location is key as is a good school system. Remember city school systems offer much more than country school systems do.
Another issue to consider is buying a mostly brick house or mostly a siding house with just a little brick. Homeowner's will be less if your house is mostly brick.
Most important, have a plan that is fluid that is to say flexible so that it can be easily changed as your life changes and don't worry if you change your goals during the life span of that plan.
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