Real estate is a good long term investment because it is by far the safest investment out there, in my view. Of course, the money you have invested in it may grow very slowly and you it can’t multiply your money three of four times overnight like share market can, but, it can allow you to sleep peacefully in night knowing that your property will be there when you awake.
When you invest in real estate, you can rest assured of its safety and stability in the future and this is what makes it a good long term investment. But real estate is not something can everybody knows about. There are so many apparently sophisticated things that you must be aware of when investing in it. However, there are so advantages which make real estate a good long term investment.
If you invest in real estate for a long time, you are guaranteed to receive good return over investment in future. Suppose you have buy a house, then the money that you have invested will surely multiply along with the time. Another reason that makes it a good long term investment is that it doesn’t get affected at the time of inflation. The highs and lows of economic trends doesn’t affect is as much. When it comes to good long term investment, it is a good source of stability. One more reason for which you should invest in real estate is that it’s your basic requirement. Besides food, water and oxygen, you also need a shelter to live in. Buying your own house is also good option in comparison to renting. Of course, the renting looks more affordable, but in the long run, owing a property is more beneficial. When you invest in multiple properties, you can easily dictate the prices on which you want to sell or lease your property after a certain time. Investment in real estate can give you some tax benefits. Its long term benefit is another reason that makes it a good investment. You buy a flat or independent house and land in a good location you can get a handsome steady earning by renting them.
These days, pre-selling has become quite trendy. Now real estate developers are selling the flats quite lower than its value as compared to when the project is finished. If you buy a flat during pre-selling, you are sure to get good ROI in the long term. Since you are buying the flat at a lower price, in advance, you invest will become bigger. But before you buy any property in pre-selling, make sure you are aware of the reputation of the real estate developer. You should do a background check of the developer’s portfolio. Before you become enticed by the low price, make certain that the project will be finished in the promised time duration. You should also consider the location of property that you are willing to invest in. Also, you are advised to do an extensive research on the plans for that location in the coming years. Keep in mind, the good location of the property can give you higher returns over investment in the long term. If a property is in good location with good commercial potential, buyers are more likely to buy it on the price of your choice.