Whether you’re considering purchasing a rental property, commercial property, vacation home, or even a primary residence, real estate is a smart and profitable investment. Not only do you enjoy an excellent rate of return and great tax advantages, real estate can help diversify your investment portfolio. And you’ve got a place to visit, vacation, or move on in to!
Here are 5 reasons 2019 is the year to invest in Sheridan WY real estate.
Real Estate is Steady
Where stocks and bonds rise and fall constantly with the ever-changing stock market, real estate is a bit more predictable. Unlike with stocks and bonds, you have considerable control over your investment; its value isn’t determined by the success of a particular business or company. The longer you hold onto it, the more its worth with climb.
Real Estate is Tangible
Many assets, such as cars, depreciate over time, or even lose their value all together, as often happens with stocks. In contrast, there will always be value in land and property. Even in the case the home is damaged or destroyed, the property will always have value. And if you have homeowners insurance, losses to the home can be recuperated.
Real Estate Adds Diversity
Adding different types of investments to your portfolio spreads out your risk. In other words, if one type of investment fails, you’ve got the others to fall back on. Real estate is a safe, tangible, steadily-increasing investment to stabilize your portfolio.
Real Estate Has Tax Benefits
There’s a LOT about property investment than can be written off of your taxes—like mortgage interest, operating expenses and costs on investment properties, property taxes, insurance, and more. All those little things can add up to a lot of big rewards during tax season.
Sheridan Home Values are Rising
Currently, Sheridan’s home values are sitting at about $245,400. They’ve been steadily climbing since about 2014, have risen about 7.2% over the last year, and are predicted to keep rising over the next year and beyond. For homebuyers and homeowners, that means buy now and have money in the bank later.
Ready to Invest in Sheridan WY Real Estate?
Are you thinking of buying a home in or investing in Sheridan real estate? If so, then it’s time to contact Century 21 BHJ Realty. We’re here to help you explore the area, discover its many lovely communities, and find the perfect property for your needs.