Real estate: A crisis-proof investment
Real estate investing provides a safe haven for your money.—Maria Ziegler/Unsplash
When we deal with crises, we take the good with the bad. While the COVID-19 pandemic, for example, continues to pose a threat to people, businesses and economies, we were still able to get some wins out of it.
Telecommuting allowed some employees to continue being productive without having to leave the confines of their homes. It also allowed students to continue learning.
But the work-from-home arrangements and distance learning innovation came at a price. Apart from the equipment, one of the most important requirements was the availability of a dedicated space at home to provide a physical boundary that separates work and family activities.
Having our own personal space does not only come in handy for working and studying, but also for isolation should a family member develop symptoms. This gives us confidence that as we provide proper home care for our family, we also get to protect the rest from getting infected.
Investing amid a crisis
The pandemic, thus, highlighted once again the importance of having our own home, and consequently, of investing in real estate, which continued to thrive even in the midst of a crisis.
For one, this investment can always serve as your family’s shelter should you decide to convert it for personal use. It can even be considered part of your legacy if somewhere along the line you opt to pass it to the next generation.
Real estate investing further provides a safe haven for your money because you are buying appreciating assets. It can also create extra streams of income should you decide to have the property rented or leased. You don’t give up ownership of the asset, but you are earning both from periodic payments and long-term value appreciation.
Having our own personal space comes in handy for working and studying. —TINA WITHERSPOON/UNSPLASH
These are just some of the reasons why real estate investing is something you should seriously consider especially in a market filled with uncertainties and volatilities.
Reputable developers, quality properties
Today, there are fortunately quite a number of budget-friendly investment options you can choose from. But remember, cheap is different from affordable.
Don’t try to save money by getting cheap properties. Look for reputable developers offering affordable, but quality properties because if you scrimp on real estate, you just might end up spending more on repairs, renovations or damages. So save yourself money, trouble and headache by dealing with established names in the industry.
Another factor why you should look for the biggest names in the sector has something to do with commitment. They have a high success rate of turning over properties, which are ready for occupancy. No need for you to hire third party providers to disinfect, clean and declutter the property because these are already part of their service.
In the event you would be borrowing from the bank, you also have a high likelihood of getting approved because the bank is assured to get a quality property should you end up defaulting.
And should you decide to have the property rented out, leased or perhaps sold, the brand itself will help you find quality buyers faster.
Acquiring a real estate property is no joke. So it’s best that you make it a worthwhile experience. Any which way you take—either by borrowing or by investing for your dream property—at the end of the day, you can never go wrong if you get it from an established name in the industry.
