5 Reasons Why You Should Buy Real Estate in 2023

Some investment ideas for the US market;

With rising mortgage rates and the cost of living increasing, 2023 may seem like the worst time to invest in real estate. But, believe it or not, it is one of the best times to do so. Just like when investing in stocks, it is best to buy while the market is no longer hot so that you can sell when it is.

In the same way, investing in real estate now may result in greater returns once the market “fires up.” Regardless, here are five reasons why you should buy real estate in 2023:

1. Hedge Against Inflation

As inflation increases, the value of your money decreases. However, the same can’t be said about real estate. In fact, real estate has a history of not only holding its worth but appreciating in value.

Because of that, buying a house can be a great option to protect your hard-earned money against inflation.

2. Real Estate Appreciates Over Time

Generally, real estate appreciates over time. Both houses and the land they sit on can bring in a great ROI (return on investment). So, it can be a great long-term investment.

Plus, it can also be a good way to save for retirement. When that day finally comes, you can sell your property—leaving you with a big chunk of cash.

3. Source of Income

One of the great advantages of owning real estate is that it can be a source of income. On top of that, it is easy to estimate the cash flow of a property by simply looking at how much it can reasonably be rented out for.

Then, you can start your own Airbnb or rental business where you rent out your property. This can provide you with a passive source of income.

Even if you don’t have time to manage the property yourself, there are plenty of property managers out there who can do it for you for a cut of the property’s revenue.

4. Tax Benefits

Another reason why you should buy real estate is for the tax benefits. In fact, real estate tends to have some of the best tax benefits over any other investment.

On investment properties, you can usually deduct any expenses such as insurance, maintenance, renovations, operating costs, and more.

Plus, while, on paper, houses tend to appreciate, they still get old. Because of that, you can claim depreciation on your investment property which will result in you having more cash flow.

5. Rebates with Ofirio

With an Ofirio agent, you can get as much as 2% back on your purchase which can translate to thousands of dollars in cash back. On top of that, Ofirio offers a state-of-the-art search feature that allows you to find the best deals in real estate.

Final Thoughts

All in all, buying real estate can be a great investment. Real estate not only has a history of appreciation but can become a source of passive income. Plus, with an Ofirio agent, you can get cash back on all your purchases.