Topeka Cost of Living

The cost of housing in Topeka, Kansas is much lower than most of the country. There are multiple advantages that this provides to the area’s citizens.

One major benefit of the low cost of living is that it allows a higher percentage of the area to be homeowners. This is beneficial to the entire area and especially the citizens.

Another benefit of low housing costs is that it allows people to spend more of their income on restaurants, entertainment, and shopping. This can provide a better balanced lifestyle when you can enjoy more activities outside of your home.

The low housing cost in the Topeka, Kansas area is of the many benefits of living in this area. If you are looking for a decent sized city to live in that won’t take most of your money to pay for housing, then Topeka may be a good idea!

Real Estate as a Tool for Building Assets

I am a firm believer that real estate ownership is one of the best ways to build wealth for anyone in America. We all have to live somewhere, so why not live in a structure that is helping to build you a better financial future.

Many people have never thought about it, but land itself is a limited resource on earth. There will never be more of it created. Anytime you have a limited supply of anything, that resource will gain more value over time.

It doesn’t matter how expensive your home is, it can always be a stepping stone to creating a better financial future for your family. I am still a believer that the freedom to buy real estate in America is one of the ways to still live the American dream.

Disclaimer: I am not an attorney and these opinions are my own.

Leverage in Real Estate

Real estate ownership usually grants you the benefits of leverage. When you have a mortgage against a piece of real estate, you have only provided a fraction of the cash needed to acquire that piece of real estate. Yet you gain a majority of the full benefits of real estate ownership! If the home increases in value by 5% in a year lets say, then you gained a 5% gain on the ENTIRE real estate value and not just on the portion that you fully purchased with cash.

This is a very brief description of how real estate investments benefit from leverage! If you ever want to discuss the possibility of real estate ownership, email me at PatrickDixon@KirkandCobb.com, give me a call at 785.221.1362 or fill out the form on my contact page. Thanks!

Disclaimer: I am not an attorney and these opinions are my own.

Insuring Real Estate

The fact that you can insure real estate is one of the major reasons I prefer real estate as an investment vehicle. The ability to insure real estate entitles you to protection from devastation.

If you own a building and it burns down, you are paid money to recover your losses assuming you have the property insured. However, take owning stock in the stock market for example. If you have a major holding in a stock and something dramatically decreases the value of said stock, you have no protection against those losses. The house burning down and the stock decreasing in value are both out of your control, yet you don’t lose your money with the real estate but you do take the full loss on the stock.

This is only a brief explanation of why I believe the ability to insure your real estate investment is a major benefit of investing in real estate. If you ever want to discuss the possibility of real estate ownership, email me at PatrickDixon@KirkandCobb.com, give me a call at 785.221.1362 or fill out the form on my Contact page. Thanks!

Disclaimer: I am not an attorney and these opinions are my own.