The top benefits of owning real estate include generating investment income, providing a stable housing solution, and owning an appreciating asset that builds wealth for retirement. However, many fringe benefits come along with property ownership, and tax benefits are some that many underestimate or simply overlook.
Before you file this year, homeowners, farmers, investors, and landowners should be aware of all the tax benefits that your property provides this tax season. And if you don’t yet own a home but plan to, make sure you speak with a trusted advisor before you file to understand how lenders view your income when it’s time to borrow - especially if you are self-employed. You may do a double-take before claiming a bunch of write-offs. Here are 8 questions property owners should ask before hitting submit.
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Monday, April 18th is Tax Day - the final day to file your 2022 taxes. If you’ve waited until the last minute or plan to file an extension, don’t forget that owning a home may provide some housing-related benefits. Keep these 4 tips in mind before you hit send.
Contrary to popular belief, there are pros to renting vs. homeownership. Proponents of renting value the flexibility and the fixed-cost model it affords. Surprise repairs won’t derail your savings and renting serves as a great transition between home buys.
Buyers not yet qualified for financing due to a lack of savings, existing debt, or poor credit find it a necessary solution. And while renting may prove the best option sometimes, it does not provide the opportunity for generating wealth like homeownership does. So if you aren’t convinced it’s time to make a plan to exit your rental, here are 5 things to consider. |
MoreOwning real estate should be a journey of building & preserving wealth through the equity in your home or other properties. Our resources are designed to give current and would-be homeowners tips & trick to maintain, improve & shop for their greatest asset. Your search for value in real estate stops here. Archives
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