Every year, the community’s need to buy a house continues to increase. More and more families, speculators, and investors just like yourself wants to own a private home for its appreciating asset value. While property has remained a hot investment in recent years, here are some of the reasons why property has always been the popular kid on the block.
Property Prices Has Traditionally (And Will) Continue to Increase
Firstly, as the need for houses and land increases and the availability of land is decreasing, the price offered will certainly be more expensive. The advantages of this property investment lie in having the value of your property appreciate over time, in line with the growing needs of the community.
Good Source of Passive Income
Second. property is one of few investment sources that basically guarantees monthly returns, if your tenant is kind enough to pay his/her rent consistently. Likewise, the constant need for housing options makes sure that rental demand is high all year round. The housing squeeze in Singapore also means that while your property value is increasing, so is the market rate for monthly rent – all of which is converted into your passive income.
Real Vantage has more information about how you can start investing in property today, tackling leasing, property flip business, and online property investment. Do check them out!
Rental Property Investments
Third, another significant benefit of investing in rental properties is the consistent returns. Even if the income is less than your mortgage payments, the rental property would still provide you with a reliable source of income and grow in value over time.
As an owner, your property could also be used as leverage since it is possible to buy rental properties with borrowed money. This lets you profit from owning the property by spending only a fraction of its total value. You also won’t have to think about using other assets to get a loan, so the barriers to entry for property investment are not as high as many people think.
Flipping your Property
Lastly, most people believe that buying a house requires a large amount of money. This assumption, however, is debatable if you use the right strategy when buying a home. Of course, the flipping technique is one of the strategies. You can get a house with little or no money if you follow the steps properly.
The term “flipper” refers to individuals making transactions, while “flipping” refers to the process. In the real estate world, the roles of buyer and seller begin to blend together. The buyer of the house quickly become a seller of property.
Finding the best property is the first thing to think about. When it comes to flipping, you will of course have to find an appropriate asset. You must be strategic in marketing this asset, both offline and online, such as using social media and buying and selling property sites on the internet.
While this is not as important if the price of the property purchased is lesser than the selling price, it never hurts to be on the lookout for a better deal on the flip. However, if the newly purchased property requires renovation, it is prudent to negotiate a deal or figure out how much extra funds to inject.
Now that your knowledge of property investment has been expanded, your money can finally be put to work in the real estate market. Visit https://www.realvantage.co/ to start your journey today!