Tuesday, June 7, 2022 / by Justin Watson
Why Real Estate Is A Good Investment
In todays post, I'll show you 10 reasons why real estate is a good investment.
Hi my name is Justin with RE/MAX Edge. I am a top 4% selling agent here in Hampton Roads. Recently being honored as "Agent of the year" with RE/MAX Edge. Having sold 100's of homes, I can say Ive seen just about everything. Okay, enough bragging...
Lets Dive Right In!
1. STORED VALUE
Real estate is one of safest forms of investing because prices rarely go down. If they do, it's usually only for a limited amount of time.
In comparison to fiat dollars, the value of said dollar decreases as more is printed. That is not the case with real estate. The more homes that are built will not decrease the overall value of said property.
2. Natural Appreciation
Populations are constantly increasing and people are always needing somewhere to live. These factors drive demand for housing which in turn increases the value of the property owned.
"The average home, everywhere in the world, appreciates in value by 3% per year."
Hampton Roads investing is amazing as we have seen the median sales price increase from $284,000 in May 2021 to $316,000 as of todays post.
Virginia Beach Real Estate
3. Forced Appreciation
Updating kitchen, remodel bathrooms, fix roof...These are all examples of tools that force the value of the property to go up. This is the main reason why the house flipping industry exists. I help my clients find properties in bad shape or even undervalued.
For real estate investing, check out these homes for sale in Virginia Beach under $150,000.
4. Tax Benefits
Real estate investors pay less tax than almost any other citizen. The government tends to favor these types of investors. Real estate investors (developers)
5. Passive Income
•Fund your children’s college funds
6. Market Cycles
7. Access to funding
9. Tangible Asset
Many investors believe in seeing and touching their investments. Some people look at Crypto or stocks as imaginary money. For those people, real estate is more of an ideal choice of investment. You can't go wrong with owning land or property. It cant be stolen or hacked.
"90 of all millionaires are invested in real estate."
10. Legacy Wealth
Its easily transferable to the next in line. Most states there is no tax on inherited property.
That sums up our top 10 reasons why real estate is a good investment. Please make sure you follow us on social media @JustinWatsonRealty
Check out these homes in Hampton Roads!
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