Why you should treat real estate as investment

Real estate is perhaps the biggest expense Americans adults worry about whether they’re looking for something temporary in the city or a place in the suburbs where they can raise a family. But when the purchase becomes an investment, your view on the matter changes. According to Eugene Bernshtam, viewing real estate as an investment helps people look decades ahead into the possible worth of their properties. Here are some reasons why you should treat real estate as an investment.

You learn to care for it

If you consider your home your investment, you won’t idle around when repairs need to be done. Something as simple as leaking pipes could cost thousands of dollars of foundation damage when left unattended. You are also aware of what actions can lower your property’s value and avoid them at all cost.

You can use your property as leverage

It’s good that people hold on to their properties. But, sometimes, knowing when to use it as leverage could change things for the better. It could be that your home costs too much in terms of upkeep or that it’s not fitting your lifestyle anymore. A surge in housing prices could give you the chance to sell the house at a better price than what you paid for.

It’s tax deductible

Certain states have tax codes which let you deduct certain expenses when you own real estate. Eugene Bernshtam believes that this can help homeowners with their finances by offsetting some of the saved funds for either lowering the interest rate on their mortgage or improving upon a property to boost its resale value.

Eugene Bernshtam is a real estate developer and head of Avalon Holdings, LLC and its affiliated entities. His certification qualified him directly out of college to work for a post in an investment banking firm. To know more about Mr. Bernshtam, visit this Facebookpage.