Tuesday, February 26, 2008

Investing in Real Estate in Morris County New Jersey

Of the more than two-thirds of Americans who own their own homes, a significant portion have seen them appreciate in recent years. Real estate, after all, is the typical limited resource and you simply can't go out and make new land. So it seems natural that its price would keep going up and up.

There are many beneficial reasons to invest in real estate:

  • Real estate values usually continue to rise during an unstable economy.
  • Property can have a higher yield than bonds and other stable investments.
  • Depreciation of property and deductible expenses may lower your taxes.
  • Rents have historically increased at a steady rate.
  • Rental income can be used to offset expenses.
The potential for income, appreciation and possible tax savings makes investment property especially attractive. But it is important for you to get professional advice before you decide to buy investment property. You may want to start with a personal financial advisor who can help you set your investment goals. Smitha can then help you select a competitively priced property that meets these goals and can answer questions about why a particular property would be a solid in-vestment. What features would make it easy to rent? What kind of maintenance expenses are you likely to incur? What will your cash flow be, and how will the tax savings affect your bottom line?

No one can guarantee that you will make money by investing in real estate, but many people have found and continue to find it a solid way to establish an investment income that will appreciate in value over the long term and often pay off annually in substantial tax savings. While it is hard to predict how much a particular property will appreciate, Smitha can give you the history of price trends in our market area.

Remember as a real estate investor in the Morris County area, you can manage more investment properties and increase your profits by teaming up with professionals such as Smitha who are already geared up to handle various aspects of the transaction. This team-based approach not only reduces the risk for novice investors, but also maximizes your profit potential. Contact Smitha for more details.

Guide - How to Eliminate Risk in Real Estate Investing
Guide - 10 Tips for Successful Real Estate Investing
Guide to Buying a Townhouse or Condominium
More News and Information, Free Reports, etc.

Smitha Ramchandani is a licensed real estate professional at Weichert Realtors' Morristown West, New Jersey office. She is a Certified Buyer Specialist, a Home Marketing Expert and also an expert in buying and selling of townhouses and condominiums. You can reach Smitha at: 973-252-8245 (Res.) or online at: http://www.Morris-homes.com/, http://www.TheTownhouseExpert.com http://www.MorrisCountyHomeFinder.com/, http://www.TheTownhomeExpert.com, http://www.MorrisCountyTownhomes.com  and http://www.Morris-Townhomes.com/