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Owning vs. Renting?
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Property investment Generally, the real estate in Las Vegas market allows about 10% appreciation rate per year. Sometimes, depending on market conditions, this could more or less. Last year we've seen it up to as high a 18% here in Las Vegas. and currently even with the the market taking a down turn we are at about 8%. Neighborhoods, region, and city have a direct impact on the overall rate as well. At first glance this may not seem like very much. But let’s use an example of how this works: Lets say you buy a home for $200,000 and you put 20% down, financing the balance of the purchase. So you have invested $40,000 cash from your pocket. Using a 5% appreciation rate, in the first year you lived in your home, you will have made $10,000. So, your annual return of investment is an amazing twenty-five percent. Now, you might be thinking of your monthly expenses for the mortgage. But remember, interest and property taxes are tax deductible. Buying property in Las Vegas is a win-win situation. If you have any questions, Please call 1-866-624-6873 or E-mail us! postmaster@lasvegashomefinderteam.com
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