These are the top 6 reasons to invest in real estate.
1 You don’t need to be an expert:
Investment expertise is required for most of the policies. To invest in the market, they need to have the right knowledge and awareness. Investments can be risky if you don’t have the right knowledge. However, you can still make money by investing small amounts in Real Estate.
2 You don’t have to think of it as an investment.
Many Indians buy houses for their own personal use and not to make a living. Later in life they realized that the house cost was increasing exponentially and so they sold it to make more money to purchase a new house. You don’t have to become an investor, but you could if you realized it later.
3 You can subdivide it into multiple subdivisions:
If you have a large property in an area that is well-zoned, you can divide it in two or more blocks depending on the size. You can sell the subdivisions over a period of time to make a profit. It can be difficult to sell them when you have to divide the area into smaller sections. Make sure you do this in a way that doesn’t compromise the beauty and structure.
4) It is an asset that can also be used:
Your property is not an investment. If life takes a turn that could lead to you moving into another property, it doesn’t matter if you do so for the short or long term. If things turn around, you can return to your home and protect your investment. Even the best Investment options can be difficult to manage.
5) Banks may be able to pay for your investment.
It is worth noting in real estate that you can borrow from the vast majority of Banks. You also have the option to get a loan – namely Home Loans – to subdivide your investment through EMI payments. You can usually get a loan with a lower interest rate and make small monthly investments to purchase property.
6) You have the option to pass it on to the next generation:
Long-term investments don’t just have to be about your life expectancy. You can think about your children too when you consider long-term investing. You can either pass your investments on to your children or grandchildren depending on how the Indian legal system works. Real estate is an investment tree that bears many fruit.