The allure of the unknown drives many individuals to dabble in alternative investments, such as art and cryptocurrency. Real estate still stands alone when it comes to upside, tax benefits and the ability to control your destiny, a new report shows.
Realtor.com analyzed the benefits of real estate in comparison to several trendy alternate investment vehicles. The publication found that real estate has generated an average five-year return of +26% since 1975. When considering the cyclical nature of real estate, the stability of return is incredibly impressive.
“With real estate, you can actively influence your returns by making strategic upgrades or managing rental rates. Plus, real estate offers deductions — mortgage interest, depreciation — that can make a huge difference come tax season. It’s not just about growing wealth; it’s about growing wealth you can control,” real estate investor Dan Reedy tells Realtor.com.
In Coral Gables, Merrick Manor’s last available developer-owned condominium represents the final opportunity to own a newer condo in the City Beautiful, which is coveted for its appealing combination of long-term value appreciation and quality of life. The developer also has additional parking available for purchase.
Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor’s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor is just steps away from the world-class Shops at Merrick Park and has a Zillow Walk Score of 77, making it “very walkable.”
For more information about this offering, contact Merrick Manor Sales Agent Eyvis Mendoza at (786) 512-7084.
