5 Great Reasons To Have An Investment Property
Finances are a huge part of our lives. Without financial stability, it is incredibly difficult to raise a family, fund your (or your child's) education, plan for retirement, and any number of different things. Fortunately, you have a lot of different options to choose from when it comes to investing. Real estate at the Lake of the Ozarks is a great example - and it just so happens that the local real estate market is currently primed for outstanding investment opportunities!
1. Mortgage Rates Are Still Low
With an average of anywhere from about 3.0-4.125%, local mortgage rates are still holding at all-time lows. It's impossible to accurately predict where interest rates are headed, but experts expect them to rise in the near future. Buying your investment property before the interest rates go up will likely save you thousands of dollars in the long run.
2. Property Values Are On the Rise
Property values have been steadily rising over the past several years. While slight ups and downs in the market are normal, houses continue to increase in value overall. If you own an investment property at the Lake of the Ozarks for several years, you can almost guarantee that you will be able to sell it for more than your original purchase price.
3. You Can Rent Out Your Home To Earn Additional Income
Surveys have shown that most people would rather rent a home than an apartment. Not only that, but most people would rather rent from private landlords than property management companies. This means that if you are looking for additional income (or for someone else to pay your mortgage), you can always rent your home on a 1-2 year lease!
4. You Can List Your Home As A Vacation Property
If you own a second home at the Lake of the Ozarks, chances are you'll want to enjoy it for at least a few weekends during peak summer season - but there's no reason that it has to sit empty when you're not there! By listing your home as a vacation property, you can get some extra income from weekend renters (while still having opportunities to enjoy it yourself, too).
5. Mortgage Interest Still Counts As A Tax Write-Off
As a homeowner, you can use the money you spend on mortgage interest as a tax write-off. If you have two mortgages, you can potentially double your tax write-offs! Be aware, however, that if you rent out your second home, you may not be able to count the interest as a write-off. You should consult with a tax professional to learn more about your specific situation.
Looking For Your Investment Property at the Lake? Contact Us!
If you're thinking about buying a second home at the Lake of the Ozarks, contact the team at Gattermeir Davidson Real Estate for help! We are very familiar with all the different areas around the Lake, and we would be happy to help you find the perfect place for your second home. If you are interested in a condo at the Lake of the Ozarks, we can help you with that, too!
Stay connected with Gattermeir Davidson Real Estate, LLC!
FOLLOW us on Pinterest
Gattermeir Davidson Real Estate, LLC
1. Mortgage Rates Are Still Low
With an average of anywhere from about 3.0-4.125%, local mortgage rates are still holding at all-time lows. It's impossible to accurately predict where interest rates are headed, but experts expect them to rise in the near future. Buying your investment property before the interest rates go up will likely save you thousands of dollars in the long run.
2. Property Values Are On the Rise
Property values have been steadily rising over the past several years. While slight ups and downs in the market are normal, houses continue to increase in value overall. If you own an investment property at the Lake of the Ozarks for several years, you can almost guarantee that you will be able to sell it for more than your original purchase price.
Surveys have shown that most people would rather rent a home than an apartment. Not only that, but most people would rather rent from private landlords than property management companies. This means that if you are looking for additional income (or for someone else to pay your mortgage), you can always rent your home on a 1-2 year lease!
4. You Can List Your Home As A Vacation Property
If you own a second home at the Lake of the Ozarks, chances are you'll want to enjoy it for at least a few weekends during peak summer season - but there's no reason that it has to sit empty when you're not there! By listing your home as a vacation property, you can get some extra income from weekend renters (while still having opportunities to enjoy it yourself, too).
5. Mortgage Interest Still Counts As A Tax Write-Off
As a homeowner, you can use the money you spend on mortgage interest as a tax write-off. If you have two mortgages, you can potentially double your tax write-offs! Be aware, however, that if you rent out your second home, you may not be able to count the interest as a write-off. You should consult with a tax professional to learn more about your specific situation.
Looking For Your Investment Property at the Lake? Contact Us!
If you're thinking about buying a second home at the Lake of the Ozarks, contact the team at Gattermeir Davidson Real Estate for help! We are very familiar with all the different areas around the Lake, and we would be happy to help you find the perfect place for your second home. If you are interested in a condo at the Lake of the Ozarks, we can help you with that, too!
Stay connected with Gattermeir Davidson Real Estate, LLC!
FOLLOW us on Pinterest
2011 REALTOR Salesperson of the Year
Missouri Association of Realtors
752 Bagnell Dam Blvd., Suite A
Lake Ozark, MO 65049
Office | 573.365.1555
Fax | 573.365.1766
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