How often have we heard from experts that real estate is the best investment option that one can hope for! But hey, have you ever given a thought as to what makes it the best investment option that everyone advises and vouches for?
Let’s try and find out a few reasons that indeed go into making real estate the best investment option.
Tangible Asset
Your house will always retain its value while other forms of investment would leave you with little to no tangible asset value. Take for instance the case of stock whose value can plummet to zero or the car which is depreciating asset and would lose value over time. Homeowners insurance goes a long way in protecting your investment in real estate. It is therefore very important to get the best policy for your property so that it is protected from any risk of calamity.
Offers Best Return Over Investment
The value of real estate keeps on growing and the longer you hold on to your property you stand better chances of earning a handsome return over your investment. The realty sector has always bounced back from a crisis with prices returning to normal and appreciation getting back on track.
Diversifies Your Portfolio
Any financial planner will reveal the importance of diversification. If you diversify your portfolio you spread out the risk. Real estate serves as a perfect tangible asset that minimizes the risk in your portfolio. Many have generated enormous wealth merely by investing in real estate.
Offers Numerous Tax Benefits
There are numerous tax benefits that real estate investment promises. Tax deductions on property taxes, mortgage interest, insurance and depreciation (even in cases when the value of the property increases), cash earned from investment properties, etc. are some that readily come to mind.
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