7 Perfect Reasons Why You Must Invest In Real Estate
If you have been thinking of investing in the real estate for long, the right moment to do so has come. With the market booming and the economic scenario showing a surge towards the upper side, the best time to invest in real estate is now.
7. A perfect long term investment option
Not considering the past recession in market, real estate has always been considered to be a safe and long term investment. If you take a look back in time, real estate is in its best phase. Moreover, if you have tenants who would be paying for the mortgage charges, investing in real estate seems to be the best bet.
6. Short sale market
You can have a non-foreclosure home in the area which has a short sale market. Short sale is always considered a better option than going in for a foreclosure home since you would not have known the past history of the real estate property.
5. The prices are low now
Real estate prices are on the lower side especially if you are thinking of investing in the same in California, Michigan or Nevada in United States. Since investing in real estate is a costly affair, you would also want to look for a place that comes a bit cheaper.
4. Tenants also prefer landlords
People who move through cities also prefer to have private landlords instead of opting for a flat whose owner might be staying in a far off place. This makes it comparatively easier for finding quality tenants and a substantial share of your expenses can be met from the rent you get for the property.
3. Houses are being preferred to apartments
Even if you need to move to other city for some work, the tenants will take care of your home as their own. Apartments do not kindle that kind of passion with people and they feel more connected while staying in a home and they will treat the same as their own home, taking ample care of the property.
2. Volumes of foreclosure is on the rise
Many of the home owners have been displaced in the recent past owing to foreclosure. This has increased the volume of renters in the market and optimal conditions have been created for investors to purchase these rental properties. Moreover, the burden of mortgage payment also dwindles away.
1. Mortgage interest rates are on the lower side again
When mortgage rates went crashing down a few years ago, people started investing in properties. These people then again borrowed against this equity which resulted in lowering of prices in real estate market. Take advantage of this scenario and invest in real estate now.