Renting? Why Not Invest in a Home?
If you’re a young professional and hungry for a good investment, look no further! A newly bought house can be a good investment. The maintenance of a house is expensive. And you need to pay the taxes and mortgage. So better make your home truly an investment and not just an expense.
If you’re a young professional and hungry for a good investment, look no further! A newly bought house can be a good investment. The maintenance of a house is expensive. And you need to pay the taxes and mortgage. So better make your home truly an investment and not just an expense. Let’s find out how…
You don’t need to pay your expenses in the house because your tenants will be the one paying for it. You can invite tenants in your home and you can just occupy one room of your house. You can charge the electric and water bill to your tenants. You can also divide the property tax that you need to pay with the number of your tenants. All you need to do is to become friendly with your tenants and set proper expectations in the contract. Don’t think that you are taking advantage of your tenants. You are simply trying to earn from your investment.
The real estate price of your house can determine if you had a good investment after all. Sometimes real estate prices increase adequately for people to make money from its appreciation of value. But sometimes, it’s not the case for the others. That’s why to know the price in which you can sell the house for is as important as the price you bought it for if you plan on reselling soon for profit.
A house is a tangible property. It means it is something that can be seen. People will not be afraid to invest in a house because it is something concrete and cannot be taken away. Most of the people like tangible investments. So should you.
In buying and selling investments, many will be benefited. Namely, you, the real estate agent, the attorney and the bank sometimes. These various parties will surely enjoy the profit from your investment in varying degrees. Think of it as a good win-win investment for all.
These are just some of the reasons why a house is a good investment. You can make money out of your own house. And when the time comes when you want to sell your house, you can even receive an added bonus from its appreciation. So consider investing as early as you can.
Real Estate, Redefined
Buying as an investment property? Or just looking for somewhere new to live? Let Domobase make it easier for you. We connect you with only the very best real estate agents and landlords. You will only be shown the very best properties that fit your requirements as closely as possible. And we make it super easy and simple for you! Just download our app, fill in your details, and link up your social media profile. Within a few days, we’ll have up to three first-rate industry professionals get in touch with you. That’s all there is to it. Try Domobase today!