There are many ways to make money. You can make it by exchanging your savings in some foreign currency (any currency which is on the high as compared to your local currency) and you can also make money by investing in gold, livestock, opening a dairy farm, and any other business. As ways to earn are many, so it is a human psyche that someone can easily get confused about where and how to invest. As a thumb rule; if any investment brings you profits worth your time/efforts/money, it is a plausible option. However, one must be very careful while deciding where to invest; as choosing the best option must be the ultimate goal of every investment. Past trends and investors’ feedback have shown that the most suitable investment is undoubtedly in real estate. Rather than limiting to words, the following five major reasons will clarify you why to invest in property:
Anyone Can Do It
Property investment is not just for the wealthy. It doesn’t really take large sums of money to get involved in real estate. With real estate being an ever evolving sector, it has become a buyer’s market now. Real Estate products, payment plans, delivery timelines etc. are well articulated by land developers to make sure there is something for everyone in the market. There are products and discounts available for people wanting to pay upfront but if one does not have the pocket to do it you can still become a real estate investor and earn big in a reasonable investment cycle. In short one gets to choose their payment options as per their pocket size as flexible instalment plans are available with land developers now. If you intend to earn good ROI (Return on investment) you should take a serious look at using property (real estate) to your advantage.
A closer analysis indicates; real estate has made more millionaires than any other industry. If you are a full-time real estate player thumbs up to you but this industry is also good for generating a passive income. Real estate offers the best way to develop significant wealth, so, go for it without any doubt.
Is it safe to invest in real estate? If you want a quick answer: yes. Real estate is a generally safe option for many first-time investors. In comparison with stock markets, and another type of investments, real estate markets are quite stable. Like any other dynamic market real estate market also shows some volatility, however, it is significantly less than any other market and the returns are many fold. This means that there is less risk associated with investing in real estate, which makes this type of investment safer.
One of the benefits of investing in real estate is a hedge against inflation. With high inflation, your rental income and property value increase significantly. Real estate investors welcome inflation with open arms because as the cost of living goes up, so does their cash flow.
You Are Your Own Decision Maker
Don’t you want to leave your 9-5 boring job? The best part about real estate is becoming your own boss. Just like any other business, you have complete autonomy and control over your real estate investment strategies as well as your failures and successes. So, the benefits of investing in real estate make you your own decision-maker.
As they say, real estate is the best investment since they do not make it anymore and it is exhaustive in supply. If you are looking to make big gains on your investment look no further investing in real estate is the way to go. With that said, there are certain rules that need to be catered to while deciding where to invest in real estate.
While investing in real estate you should see the reputation of the developer, the kind of development they are doing, the kind of infrastructure they are providing, maybe talk to the residents who are already living in a vicinity. As a thumb rule in Pakistan, if a housing society developer provides a 150-feet wide main boulevard, 24/7 security, gated community, school for children, purpose-built hospital, 24/7 water supply, sui gas, electricity, fiber optic, high speed internet, HD TV services, water filtration plan, a resident’s helpline, well planned commercial area, majestic gatehouse, a project is completely approved by all legal authorities (e.g. LDA approved in Lahore, Pakistan), has multiple access roads, is near to the main highway (e.g. within 1 kilometer distance of Lahore Ring Road in Lahore, Pakistan) then the project is worth investing.
Just follow the checklist given above and make good gains on your investment.