There are many benefits to investing into real estate. Many great results you will see when you jump into the real estate market and when you buy or invest in a home. Below is 7 reasons to get serious in the market:
1.Quit Renting, Start INVESTING
Why pay someone else’s mortgage off? The market can always be booming and when the rent prices increase, your mortgage can pay off faster which results in someone renting from you cheaper than you renting from someone.
2. Time VALUE OF MONEY
It is better to invest today than tomorrow. A dollar will always be worth more in the future than now because of the inflation rate. It is better to invest TODAY and fail than to regret not investing.
3.Investment and Security
The price of real estate continues to increase every year, therefore purchasing real estate is one of the safest long-term investments a person can make. If you had the choice between putting money towards a new car or a new house, a house should win every time as it will appreciate in value over the years whereas a car does the opposite. Once you own one house and build some equity you may also be in a financial position to buy another and rent one out.It is a great way to leave inheritance for your children.
4. Interest Rates
When the interest rates are low, you buy in the market, when they slowly increase and most mortgages are paid off, you sell in the market and make the goal to build equity.
5. Pride of Ownership
Take pride in ownership and investments, one of the main reason people invest into real estate, even with a small old style, you get the rights to do what you want with your property.
6. Right of Privacy
If you own your own house, you don’t ever have to worry about the owners checking up on you, since you are the owner! You will gain much more independence and privacy when you have your own property.
7. Financial Freedom
Best reason for anyone to invest in any project is FINANCIAL FREEDOM, everyone needs this. With the profits you make you can easily pay off your bills, medical expenses, renovation, start your own business and build your fortune.