“Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investment combined. The wise young man or wage earner of today invests his money in real estate.” – Andrew Carnegie, billionaire industrialist
So, you have decided to make use of your extra income wisely. One of the best options you could make is to invest your money into the real estate industry. You may already have heard that purchasing a real estate is an ideal investment one can make. Yes, this might be one of the most expensive assets that you have, but it gives you a profound feeling about it. Whether you are planning to invest in Arca South or any real estate property in the Philippines, it is all worth it – your money, time and effort!
Unfortunately, not all people can grasp the idea on how ideal it is for them to invest their money on a property. Perhaps, they do not know what how the real estate industry work. So, to give you an idea, we list down some reasons as to why it is a wise decision to invest in a property.
1. Gain more leverage
Again, purchasing a property is one of the most expensive asset you could ever have. That means, banks or lenders are going to trust you since you were able to afford a mortgage on a particular property – not to mention the monthly dues, maintenance cost, and other expenses. With this, you can use this as your leverage. Of course, this is also one way to increase your overall Return On Investment (ROI).
2. Grow, tax-free
This may be probably one of the many reasons as to why people are afraid to invest in the real state – it is because of the tax. However, if you know and understand how you can get a sale to lessen your tax liability further, then it might not be a bad thing after all. Also, remember that when it comes to home buying that is based on speculations, it might be a dangerous tactic since it cash flow is the key.
3. Real estate prices are at a low cost
If you have plans on going for a buy and sell business, then investing in a real estate is one thing you need to consider. Whether you are aware of it or not, many markets offer real estate cheap. Although the price of the property may be lower than the others, that does not mean the quality of living is also not good. Of course, you can still get the best offer you could have. Just make sure to choose the best place you want to live in.
4. Real estate is a great long-term investment
As mentioned, real estate is an ideal investment one can have especially when it comes to having it as a long-term investment. Keep in mind that the value of the properties would increase. That means, the longer your property is, the higher the appraisal can get.
5. The pride of owning a home
There will always be a profound feeling when you own your dream home. Investing in a real estate does not just give you the ROI, but this will also give you the sense of security and belongingness of owning a home. You also have to keep in mind that your property is the only asset that cannot be stolen. This is one of the perks of having and owning a home.
When it comes to home investment, there will always be a lot of advantages or reasons as to why it is one of the wisest decision one can make. Whether you plan to live or go for a buy and sell business, it is still all worth it.