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Lately, a lot of people have been asking me if your personal residence is an investment. It's a difficult question, but I will answer it in today's video.
Generally speaking, the answer is no. However, if you rent your residence or rent out rooms to boarders, your residence would be considered an investment. An investment has a revenue stream, which would be the rent you collect.
All investments of personal property are valued by their revenue stream and by the appreciation of property in direct location to it. Your home's price can be affected positively or negatively by things such as imminent domain or freeways.
The thing to remember about your home is that's just what it is: your home. The best way to look at your home is as a place to live, and maintain, and enjoy.
If you have any other questions about real estate, please send me an email or give me a call. I look forward to hearing from you.
