Real estate appreciates in value Since 1968, appreciation levels for real estate have been 6 percent per year, including during the downturn in the economy beginning in 2007, according to the National Association of Realtors. Why not buy now and watch the value increase over the years? Real estate provides equity buildup Most real estate is purchased with a small down payment with the balance of the money being provided through debt financing from a lender. Over time, the principal amount of the mortgage is paid down. This principal reduction builds equity. This even sounds better when your having someone else pay the mortgage. Short-Term or Long-Term rentals help offset the cost of owning a home.
Real estate is improvable One of the most unique and attractive advantages of real estate is that it is improvable. Because real estate is a tangible the repairs and upgrades, you can make your real estate worth more by improving it. Who doesn’t like a good fixer upper?
Real estate is tax deductible Tax codes allows various deductions for the normal expenses incurred in owning real estate, such as property upkeep, maintenance, improvements and even the interest paid on the mortgage. The deductions can offset income and reduce your overall taxes.
Positive Cashflow If you have Short-Term or Long-Term rentals, you may be able to charge more than what the property needs in order to break even. Doesn’t hurt to make a little cash when you invested your money so wisely, does it?
Law Office of Lindsay N. Stewart 47 Harvard Street, Worcester, MA 01609 27250 Perdido Beach Blvd, Suite F, Orange Beach, AL 36561
Massachusetts Office Location Alabama Office Location 47 Harvard Street 27250 Perdido Beach Blvd, Suite F Worcester, MA 01609 Orange Beach, AL 36561 Phone: 508-796-5671 Phone: 508-796-5671 Fax: 508-459-0800 Fax: 508-459-0800