If you are looking for a good thing to invest in, then look no further than the four walls around you. The real estate market is a fantastic way to invest. It may be a slow burner, but real estate can make you a lot of money over the course of many years. It can be far more lucrative than placing your money in a savings account or even relying on stock and shares to increase in value.
Property is one of the oldest and best forms of investing for a reason. To show you why property is a great way to invest, here are a few things to think about to invest in real estate:
You Control the Outcome
When you buy a property, you are in control. First of all, you have to agree to buy at a certain price, and you have room to reduce this price. Once you have the property, you can choose what you do with it.
Perhaps you are buying it for yourself, and you intend to upgrade it over time. Perhaps you are looking for a quick turnaround, so you are looking to fix it up to sell on as quickly as possible, or maybe you are going to rent it out. Whatever the outcome, you are in control of it, and if you change your mind, it’s your property to do with what you like.
It Provides a Steady Income
People always need a place to live, and if you have a property for rent, you can guarantee that someone will be renting it from you. You will have x amount of time o these contracts too.
So, you have a steady stream of income in addition to your ordinary day job. This makes you far wealthier than your co-worker who rents. In addition to this, your properties will appreciate in value. So not only are you getting x amount every month, but simply by having the homes, you will be getting richer and richer. You can use your homes as leverage to secure larger loans too. So you could end up with more houses, and therefore you will be able to get more as a result.
Property Appreciates in Value
One of the best things about the real estate market is that it is one of the few things that just continue to appreciate in value. If you bought a home back in the 1950’s you have probably made far more than inflation by keeping that home.
So, if you chose to buy a house a few months ago and are still waiting for everything to go through, you can almost guarantee that the house is worth more now, even as you walk in. Homes are nothing like cars.
Even if you need to make a quick sale and use a service like FasterHouse you are still going to make a tidy sum. If you have the money and can afford a house, it can be a much greater investment than putting your money in a savings account.