Buying property doesn’t just mean having somewhere to live, it can also be a great way to create a second income, develop a pension pot or even start a new career entirely. Real estate is of the best investment strategies you can make and getting into it as early as you can, can really benefit you financially. There are a lot of reasons why you should be investing in property, here are a few:
Property prices are rising Sure, property prices can go up and down, but generally speaking, over a span of 20 or so years, your property will be worth more than it was worth when you bought it, even if you haven’t done
anything to raise the value directly. Despite various setbacks that can affect real estate prices, it’s still one of the safest low-risk investments you can make, if you choose your properties wisely.
Anyone can do it If you have enough for your mortgage deposit (assuming you’re not buying outright) and have a good advisor to secure you the best deals, literally anyone can invest in property. You don’t need specialist knowledge to be able to get started and anything you do need to know, you can get professional property finder to help you along the way.
You can influence asset worth very easily : Owning a property means you can do whatever you want to it, as long as you keep up your mortgage payments and stay within the laws of planning permission. This means you can add value to the property by doing renovations or adding extensions, and it also means that once your property is worth more, you can adjust your rent requirements accordingly, meaning more money in your pocket to pay off the work you’ve just had done!
It’s a stable market When deciding whether to invest in property or shares, it’s good to weigh up the risks of each. The property market is much more stable than the shares market and much less volatile. If the property is situated in a good location, it will hold its own against any arising issues within the property market.
It pays for itself After the initial investment you make to secure your mortgage on your new property and you’ve got a tenant on your premises, they are then paying for your mortgage repayments and other costs you may have had to stump up for. That means your investment is actually being paid for by somebody else, it seems like a no brainier, doesn’t it?
If this article has convinced you enough to get started on the property investment ladder, there are plenty of
options available to you, you’ve just got to know where to start. Property finders can take the hard work out of searching for properties that are suitable for you and your requirements, so sourcing a good one and developing relationships with them will reduce your workload in your new venture. Of course, if you prefer to source your own potential investment properties, there are plenty of real estate agents and property listing websites that can help
you to choose your own. Whichever option you choose, now is the perfect time to be investing in property and building your very own portfolio.