We have often heard from our parents and older relatives that buying a house is one of the best investments for our old age. Even real estate professionals always try to sell the theory across that buying a house is perhaps the best investment you can make for your future. Well, even after so many years and with so many changes in the market, both home buyers and home sellers are of the opinion that buying a house is the best investment possible for securing one’s future. Let’s take a look at some of the reasons why buying a house is a good investment. An Appreciating Asset No matter what, a house is an investment that continues to appreciate over time. A house helps you through retirement times by eliminating rent or house payments once you are through paying off the mortgage. The reason it is called a good investment is that it pays you more than what you paid for it. Over the years, your house will continue to benefit from the location it is situated in, the construction work you get done in the house, the maintenance you put into it, and many more factors. At the end of the day, it will always be worth more than what home buyers spend to buy a house for. Also, read: Top 5 Things A First Time Home Buyer Needs To Know Your Choosiness Works in Your Favor According to Brian Belcher real estate agent, people tend to decide very quickly on which shares they want to invest in. Usually, the lack of time spent in thinking over this decision ends up costing them dearly. There is also the factor involved in a market crash with shares. When it comes to buying a house, home buyers burn through their weekends as well as their shoes in visiting dozens of properties before finalizing one that’s just right for them. Taking the time to choose wisely ensures that you have thought about each and every factor involved in making your house worth the money you are putting in. This also turns out to be a boon in the long run when you are looking to sell the house and ends up making you a neat profit. Easy to Invest in a House For investing in the stock market, one needs to have some sort of knowledge or do some basic research before one can get started. For investing in property, one does not need any type of specialist knowledge. One can easily also becomes a top realtor without having taken any special course on property management or house selling. Many realtors actually start off after seeing the value of their own houses soar through the roof and realizing how much money they can generate through investing in property. It's easy to Get Finance for a House
While you may think otherwise while applying for a mortgage, lenders generally tend to like financing property. Home loans are one of the biggest parts of a bank’s business models and the highest amount goes to residential properties as compared to any other asset class. These factors make it easy to borrow money for investing in a house rather than in anything else. You will Have 100% Control If you have invested in the share market, you may need to hire a broker to handle your trading for you. Furthermore, the value of your shares is depending completely on market conditions and on what is happening in the company whose shares you are holding. Investing in a house means that after you have settled down, you own 100% control of that asset and you have an influence on everything that happens related to the house. As evident, owning a house is indeed one of the best possible investment options one can opt for. It is going to definitely pay you in the long-run.
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