As tax season comes to an end, we hope you were able to file on time and that you have a refund check coming your way. One way you may consider spending the refund money is investing in real estate. The housing market in Wilmington is on the upswing and purchasing and fixing up an investment property may not be as costly as you might think. Unlike the unpredictable stock market, real estate is a sound investment that will only increase in value over time. Professional property managers can help you not only select a type of property and an area of town, but assist you with preparing the property for a tenant. Many property owners have found that the best time to upgrade a property is while there is rental income. Even if your plan isn’t to be a long term landlord, fixing up a property while it is a rental will have it ready for the sales market when the time comes. Speaking to a professional property management company can help you make wise decisions and maximize your profit from start to finish in the rental process.
If you'd like to learn more about the tax advantages of owning investment properties, reach out to the experts at Sweyer Property Management today.