5 Reasons why You Should Invest in Property
The question of why you should invest in real estate has a very simple answer: it assures good financial returns that only appreciate as time passes. As your kids grow up, your expenses are only going to increase. With the right investment, you can enjoy the added advantage of diversifying your investment portfolio.
Property is one of the safest and fastest growing areas of investment. With an increase in working women, there are many ways in which you could be looking to create a solid investment portfolio. If you’re still contemplating about investing in property, maybe you need a little nudge to get you going!
Benefits of Investing in Real Estate
1. It’s a Smart Business Move
Surveys show that having property is considered to be a vehicle for financial growth. However, it’s important to understand what investment property exactly is before going ahead. It’s real estate bought either for a long-term plan of staying in it or selling it at a later date, or for short-term purposes of flipping, which means buying it, remodelling or renovating it, and then selling it at a higher price.
2. There are Higher Gains
One of the best ways of empowering yourself is to invest in property. Not only does it provide you with a sense of security, it also gives you a certain standing in society. In a bid to encourage this, several schemes have been launched whereby banks provide a lower rate of interest if the property is in the name of women. There’s also a lower cost of registry if the first owner of the property is a woman. This results in higher gains.
3. It’s a Safe Option
An important reason why women should invest in property is the fact that real estate has always been a safe option. Even if the market fluctuates, can hold onto your property and sell it when the value appreciates. Many people earn a lot of profit by quick buying and selling as soon as the value of real estate goes up.
4. It Can Secure Your Future
An increasing number of women are choosing to be single over getting married. In this case, investing in real estate is wise since it provides a secure future return on investment. There are women who buy property and then lease it, ensuring a steady income. If you’ve taken a loan to purchase property and aren’t living in it, renting is also a great way of paying off your debt quickly.
5. To Diversify Your Investment Portfolio
Speak to any financial expert and they’ll give you a whole range of options from mutual funds to jewellery to SIPs. The smart thing to do is to invest in a mix so that if any one option depreciates, you have more. Therefore, more women have started looking towards investing in property. In a family where both partners are working, it makes sense for one to put money in high risk options with quicker gains while the other invests in a safer option like property with long-term gains.
Whatever the reasons, do your research of the real estate market thoroughly before taking the plunge. The best route to follow is to buy when the market is low and sell when it’s high so that you can maximise profits.