Real estate undoubtedly is the best investment to make in today’s time. It provides you with huge returns and many other advantages.
There are many reasons why you must invest in property. It may seem like a dream for mid-class people. Many think that owning real estate requires tons of money and it’s a risky investment. But, with proper research and common understanding, it’s pretty easy, even for new buyers.
It’s true that it’s never too late or too soon to invest in real estate. However, before you invest, it’s important to identify multiple ways to invest depending on your age, your earnings and your net worth.
Here are some reasons why you should invest in Real estate:
1) Safest option:
Real estate is considered to be the safest option to invest your money in. Investing in real estate guarantees you huge returns. The cost of the property increases over a period of time. You can also put your property on rent if it’s a spare property. That will help in getting some additional money as well.
2) Everyone can invest in Real estate:
Investing in real estate does not require any special qualification, you can do it even if you are a first time owner. It is not only safe to invest in real estate so that you get returns in the future prospectus. It also provides a roof over your head for your future generations also.
3) Financial security:
There’s not much to feel secure about anything that you invest in the market. The year 2020 has shown us all that nothing lasts and stays forever. You will not have anything that lasts long. Investing in real estate offers financial security. Buying a house is the simplest way to secure your future and retirement. You get a roof over your head. Even if you lose all your investment, you will still have a house owned by you.
4) Assurance of rental income:
If you buy an additional home you should most probably rent it. Renting the home will generate regular additional income for you. You will receive your monthly rent no matter what happens. The rent also increases over time. You can also cover your down payment from the rent you will receive.
5) Results are immediate:
No matter whether you buy a small home or a large home, your returns will increase immediately. You start to notice it yourself.
6) Real estate offers more returns than the stock market:
Real estate provides more returns than stock, as real estate increases 6% – 8% every year. Whereas, the stock market offers 1% – 2% returns. Additionally trading in the stock market requires a lot of expertise and is a risky game to play.
7) You get tax benefits:
Real estate investors can avail a number of tax benefits. As an owner, you can avail such expenses:
The mortgage interest paid by you on the loan.
Maintenance
Real estate taxes
Homeowner’s interest
Always ask your real estate agent what tax reliefs you get when buying a home.
8) High tangible asset value:
Tangible assets are the physical things that you can feel or touch like a computer, car, Fridge, AC or TV. These tangible assets do not have a high monetary value. Whereas, owning a house has a lot of monetary value. The monetary value of real estate increases with time. Even if you want to sell it in the future, you will make huge amounts of money with it.
9) Increase in monetary value:
There is an increment in the monetary value of real estate with time. You can also decorate the property the way you want. You can add a gym, swimming pool and a modular kitchen. You can then sell it or rent it accordingly. You will get more money if your house has such amenities. Similarly, you can charge more rent or you can ask for additional money if your tenant wants to use such facilities as a gym or pool.
10) You can buy your dream house:
If you are not able to buy a home that you have been dreaming of for a long time. You can buy a much more affordable house. Once the value of your property increases, it will raise such an amount that will help in owning your dream house without any hassle.
11) You don’t need a lot of cash:
You just require 10% of the cash. After that, you can just ask for your bank’s help. You can get a home loan and you can avail a number of tax benefits also.
12) You have multiple options:
While buying you get many options such as whether you want to own a complete house or just an apartment/floor. You want to live there or you have to rent it.
Real estate is an amazing way to increase your investment portfolio. You can nullify the risk of investing in the stock market by investing in real estate. Additionally, you get to earn a great side income with renting. You get a secure future and retirement. You also get huge returns and multiple tax benefits.
If you are planning to buy or sell a property, Hirola Infra is an amazing place for selling or buying your property with expert help and a hassle-free experience.