The other day, I received my IRA statement in the mail. I won’t lie, I considered weeping. But instead I started to think about the returns on my investments. I realized that none have been as good to me as the returns I have received from homes I have sold.
Real estate is one of the best, if not the very best, investment you can make.
Even with less risk, you can still gain a big return on your investment. Generally speaking, there are several factors that impact whether (and how much) a home will appreciate in value. The economy and the region of the country you live in are just two of these factors, ones we have no control over. What we can control, however, are things like:
- How long to own the property and when is the best time to sell
- The money we decide to put into our home
- How much and what improvements we decide to make can determine whether or not there is a gain in our investment