Real Estate has emerged as a popular way to invest in recent times. Everybody wants to build a home or buy a property from which they can earn i.e rental property.
Real estate is great investment with gains both long term and short term. It is a valuable asset as Mark Twain puts it, “Buy land. They’re not making it anymore”. Due to financial and technological advancements real estates value has sky rocketed but that doesn’t mean that you should invest anywhere, this investment should be done very carefully preferably through experienced real estate consultants.
Investing in real estate can be tricky as there are many fraudulent schemes too but with the help of real estate professionals the process should be smooth and safe. There are multiple types of real estate investments:
Home Ownership
Everybody wants to own a house. The first thing you should do is contact a certified real estate consultant. Buying a house is easy as long as you’re buying from a proper real estate firm. This investment usually requires a hefty amount but the return on this property are great as you can sell it after appreciation or earn income through rent.
Land Ownership
You can also invest in real estate by buying a piece of land through proper real estate channels. This is considered the safest investment in real estate as it does not require any maintenance or any other cost whatsoever.
Commercial Properties
Apart from residential properties like houses and apartments you can also invest in real estate by buying commercial properties such as plazas, malls, shops. These properties pay off the highest amount of appreciation in the real estate sector as their prices keep rising even after full development of the area. But these properties are often expensive but a great way to invest in real estate.
Apartments
The most affordable investment in the real estate sector can be done by purchasing apartments in residential buildings. Multiple real estate developers construct residential buildings which are a affordable and more convenient option than investing in a house.
Due to rise in demand of housing, apartments are the most lucrative investment in real estate as they provide affordable and maintenance free housing for families plus they also create a sense of community as people are in proximity of each other and share spaces such as garden and parking lot.
Firstly, it is a physical asset, a tangible asset. People trust those investments which they understand and can see. This is an investment which does not require high literacy as it is simple in nature. Real estate resists inflation, so when the whole market is crashing down your investment stands safe and sound with minimal to no losses.