• Holly Keller

What’s so Great About Real Estate?

Updated: Jun 9

Real estate is almost a world of its own. It isn’t really like any other industry, and so people seem to be afraid to take any part in it. The truth is that real estate has almost endless benefits for those that are willing to take the chance. Whether you’re looking for a place to live or an investment, here are a few benefits of buying real estate.

Appreciation

Almost everything you can buy will depreciate from the time you buy it. This is especially true for tangible items. Real estate property is one of very few exceptions. If you buy a house for $100,000 today and then live in it for ten years, when you move, you may be able to sell it for $120,000. This means that even if you buy a house simply to live in, you can still consider it to be an investment. It is important to remember that the real estate market can rise and fall, just like any other market. There will likely be a point when your house is valued at less than what you paid for it, but if you wait, and take care of the property, the value will go up over time.

Tax breaks

The government offers special tax breaks to those who own property, especially if it’s your first home, or some other special case. Make sure to look into the tax breaks you can receive before purchasing a home.

Option to make even more money

Homes, especially houses, can earn the owners a lot of money through rent collections, if the house is able to be rented out. If you only own one property, you may not be able to rent it out, but there are other options. If you have some extra space, consider renting out an extra room, or at least some storage space. If you don’t like the idea of strangers being in your house, consider buying a duplex. You can live on one side, while renters on the other side pay most of the expenses on the property. Or, after you’ve lived in the house for a while and are ready to move, instead of selling the house, rent it out, and use the rent to pay for your new house. Once that mortgage is paid off, you have a handy source of income from your old house.

Looking for more help with your real estate needs? Contact us – can help get you on your way.

#whatssogreataboutrealestate

1 view0 comments

Recent Posts

See All

You want your new home to be special. You want it to suit you and those who will live there, both now and in the future. You want it to be the right size and to have the right floor plan. You want it

When you work with a Realtor you maximize your chance of selling your property for the most money, selling it in your preferred time frame and having fewer problems. In previous posts we said that, wh

If you’re interested in buying real estate as an investment, you may already know that there are a few different options as far as what you can do with it. Everyone’s situation is different, but it’s