Bou may have heard of the saying “a home is one’s greatest asset”. And this is usually said in the context that real estate properties such as a house and lot or even a condominium unit appreciates in value.
But is your home really your greatest asset? Here are some reasons why it is:
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Property Value Increases Over Time
When we spend money on smartphones or cars, their value diminishes as time passes by. On the other hand, the value of the real property appreciates over time.
Investors who also took the opportunity of buying a property during the pre-selling phase can enjoy lower selling prices, leading to even bigger returns when they resell in the future. However, it doesn’t mean that those who decide to buy ready-for-occupancy projects such as Richwood Homes Bohol in the Philippines won’t do well, but those who were able to purchase early on could enjoy a lower investment cost.
It would also be a good idea to invest in properties where upcoming infrastructure projects are about to rise as this can help drive property values higher at a faster rate.
A Home Is A Safe Investment Option
Investors favor real estate as a safe investment option as it is relatively stable. While market conditions can affect property values, such as during the Global Financial Crisis, and of course, with COVID-19, property values are set to recover.
Furthermore, a home is a tangible asset, so you have full control over it, giving you peace of mind as compared to non-tangible investment options.
Your Home Can Be A Source Of Passive Income
You can turn your home into a source of passive income by turning it into a rental. Your property can command high demand if it’s located in a key area, especially if it’s near key business districts, where companies tend to flock. You will attract employees who want to reside near their place of work.
There’s also high demand for property rentals for leisure so properties that are located near tourist destinations such as sunny beaches and cool mountain towns can give big returns to investors.
Investing In Real Property Is First-time Investor-friendly
If you are a first-time investor, real estate is a safe investment option. Especially true if you seek the assistance of real estate professionals, you will be able to find a property that has huge investment potential. Or if you already have a property that you want to offer up for sale, working with brokers can help you reach a lot of potential buyers, making it easy for you to both buy and sell real property.
Investors Are Offered Flexible Payment Terms
There are many ways for which buyers can buy real estate. One can get financing from the bank, or through a developer offering in-house financing. The Philippines also has Home Development Mutual Fund where members are offered low-interest housing loans, helping Filipinos get their dream homes.
Whether you are buying a property or selling it, flexible payment terms open up the opportunity for more people to buy a piece of real estate, widening the market for it.
Invest In Your Greatest Asset
With the five reasons above, your home can truly be your greatest asset. So by investing in a home, you are opening yourself up to the possibility of huge investment returns either through selling your home in the future or setting it up as a rental for passive income.
So if you’re still thinking about whether investing in a property is a good decision, then you can rest easy knowing that it is a safe investment option that you can jump in on today.
