Real Estate can be a great investment. The Columbia South Carolina area has a shortage of homes, rental homes and apartments for our growing population. This means houses will likely appreciate over time and rent will go up as well. Here are four ways that you will benefit as a rental home owner:
- Your rental income will increase
- Your equity in the property will increase as the resident pays your mortgage
- You will gain tax savings through deductions of rental expenses and through depreciation tax shelter
- Your home will appreciate in value over time
Are you looking for a rental home investment? Your timing may be perfect. Home prices will most likely continue to climb. Patton Properties, Inc. has the skills and knowledge to make your purchase and property management of a rental home more successful.
Just e-mail or call us today!