Owning residential property, along with investment in gold, has been considered one of the safest ways of securing your finances. Despite all other newer methods of investment, real estate remains the favourite among investors. Given below are some reasons why residential real estate will always be a great investment:
Steady Cash Flow – A stable monthly rental income can be earned on residential real estate. These investments provide a steady source of income that increases over time. This includes the net income generated once your operating costs and mortgage payments have been met.
Finance – Investing in residential real estate is a simple process owing to the various loans available from financial organizations. Once you have studied your property and are aware of your budget, you can easily avail of a home loan. There are several schemes available today which will ensure repayment of the loan is a hassle-free affair.
Tax benefits – There are several tax benefits that an investor can avail of on their home loans. Also, there are tax breaks available for depreciation of property, maintenance and repair, interest paid on loans, and even insurance. These will all result in significant financial savings for the home investors.
Appreciation of Property – It is vital to choose a property in the right upcoming location and with good physical and social infrastructure. These factors will assure the home investor of a sound return on your investment. Residential real estate nearly always appreciates in value, and this will be beneficial for homeowners should they choose to sell.
Asset – A residential property is a tangible asset that can be leveraged to avail of numerous streams of revenue. This ensures unending security as the value of property invariably appreciates over time. Stock and bonds, on the other hand, have no real tangible value and are subject to market fluctuations.
Prestige Group launch a new apartment is Prestige Meridian Park.