Real estate is a great investment, no matter which way you look at it. Time and time again, real estate has proven to be the way to go if you want a secure and sure-fire return on investment.
Here are five fast facts on real estate investment.
You’re in control
When you invest in property, you are in control from start to finish. You decide how much you want to invest and in which real estate property you want to invest. You choose the mortgage provider and have a choice between the different rates offered by different providers. You choose the tenants and – if you choose to – you yourself manage the tenants and keep an eye on the property.
Someone else pays for the bond
So it works like this: you use a loan to buy the property and then the monthly repayment is made by the tenant – which means you spend no money yet your assets increase every month as the bond amount decreases. In 15 or 20 years’ time, you will have spent no money in paying off the loan, yet have the property as an asset to your name. Bingo!
Real estate, as mentioned before, is an investment which value will increase (appreciate) almost without fail. You do not even necessarily have to add value to the property – as long as the correct and necessary maintenance is done, it simply sits there and grows in value. You just need to be in it for the long run. What’s not to love?
Real estate investment is one of the few investments that consistently remains a good hedge against inflation. Just make sure you opted for a fixed-rate mortgage.
While this has changed over the last few years, a smart investor can still ensure cashflow after the bond and other bills have been paid. This means a steady monthly income from the investment, on top of the growth in value over the long term. Just make sure you invest in real estate that will bring in rental income higher than bond repayments, monthly levies and estate taxes.
Choose the right investment today – invest in real estate for peace of mind and certain profit.
Mobus Properties is one of Ghana’s foremost residential property developers, with a portfolio perfect for any investor. Visit www.mobusproperty.com today for more info!
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