It’s the most wonderful time of the year! Imagine your family all gathered together in the living room, playing card games with the tree twinkling in the corner. The dog is sleeping next to the fireplace. 

But hold on a minute . . . the landlord doesn’t allow dogs and the old fireplace was bricked up years ago for liability reasons. All of a sudden, the lucid Christmas dream starts to fade away, replaced by the realities of tenantship. 

The freedom enjoyed by property owners cannot be overvalued. Not only does owning land provide otherwise unknowable liberties, it is also commonly accepted to be one of the best financial investments, providing equity and security to you, your children and future generations. 

Although the holidays are not considered the most common time to buy and/or sell, there are some benefits to investing around Christmas time. Here’s everything you should know:

The Value of Real Estate Investment

It’s never a bad time to buy. You have probably heard this saying before and, although it sounds dangerously optimistic, the numbers do seem to back it up. 

Compared to equities and bonds, real estate is a far less volatile investment. The value of property has steadily increased over the past 50 years and, despite a dip in real estate value at the onset of the great recession in 2008, real estate continues to be one of the most secure investments a person can make. 

But why not wait until the new year to invest? Well, anyone who takes time investing during the holidays instead of Christmas shopping is automatically labeled as a serious buyer/seller. This can be an advantage for both buyers and sellers as both parties can be sure that the other is ready and willing to seal the deal. 

Benefits of Investing in Real Estate Now

In both the US and Canada, the government offers tax incentives to real estate investment, one of the most basic being deductions. Deductions may include such things as property insurance, mortgage interest, and property repairs. These benefits are, of course, not specific to transactions during the holiday season, but are just another reason why investing is a good step to improving the financial situation of you and your family.  

According to Forbes Magazine, real estate prices drop anywhere from $3,000 to $12,000 during the holiday season. Sellers have the advantage of knowing prospective buyers are serious about completing the transaction, saving valuable time and effort. In turn, buyers enjoy lower prices. 

Conclusion

The high rate of returns and the lucrative tax breaks involved in real estate investing makes it, without a doubt, one of the most effective avenues to becoming financially independent. Investing in real estate is a flexible endeavour with the potential of huge profits. 

Why not make that holiday dream a reality and invest in what is commonly accepted to be the method of wealth accumulation for 90% of all millionaires in the past century. 

’Tis the season to invest!

Jacky

A LAUGH OR TWO FOR GOOD MEASURE

HELPFUL LIFE HACK #2

WHY INVEST IN REAL ESTATE?

With its low risk and high return potential, real estate is one of the best investment options. It provides a safety net against inflation as property values rise over time. Income creation is one of the most important aspects for horizontal property investors, in addition to having a permanent residence.