Why Now Is The Time To Invest In Property
If you're thinking about investing in property, now is the time to do it. In this blog post, we’re going to take a look at the reasons why you might want to consider investing in property now.
Author:Frazer PughReviewer:Gordon DickersonOct 19, 202211 Shares356 Views
The rise in property values has been steady for the past few years, but it's showing no signs of slowing down. If you're thinking about investing in property, now is the time to do it. In this blog post, we’re going to take a look at the reasons why you might want to consider investing in property now.
Property Values Are on the Rise
This one is a no-brainer - as property values continue to increase, so does your potential return on investment. If you invest in real estatenow, you're almost guaranteed to see a healthy return when you eventually sell.
Mortgage Rates Are Still Low
Mortgage interest rates are at an all-time low, which means your monthly payments will be lower than they would be if you wait to buy. This gives you more breathing room in your budget, and makes it easier to qualify for a loan in the first place.
You Can Use Leverage to Your Advantage
When you invest in property, you're using leverage to finance your purchase. This means that you can control a much larger asset than if you were buying with cash. Leverage is a powerful tool that can help you make money in real estate - but only if used correctly.
There Are Tax Benefits to Owning Property
Owning property comes with a number of tax benefits that can save you money come tax time. From deducting mortgage interest to writing off repairs and maintenance, there are a number of ways to minimize your tax liability as a property owner.
It's a Tangible Asset
Unlike stocks and bonds, which are purely abstract investments, real estate is a physical asset that you can see and touch. This makes it a much less risky investment, since there's always the potential to sell the property or rent it out if the market takes a turn for the worse.
It's a Stable Investment
Property has historically been one of the most stable investmentsaround - even during times of economic turmoil. If you're looking for an investment that will weather any storm, real estate is it.
You Have More Control as an Investor
When you invest in stocks or mutual funds, you're at the mercy of the stock market. But as a property investor, you have more control over your investment. You can choose when to buy and sell, and how much effort to put into fixing up your properties. Plus, unlike stocks, real estate always has intrinsic value - meaning there will always be someone willing to pay something for it.
It Can Create Passive Income
If managed correctly, rental properties can provide passive income that comes in every month without any effort on your part. This can provide a great source of supplemental income (or even replace your current income if you own enough properties). And best of all, once the properties are paid off, that passive income becomes pure profit!
Frazer Pugh
Author
Gordon Dickerson
Reviewer
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