You must agree with the fact that investment in real estate is the medium to get the best out of what we invest. To be precise, if you make a good research and then invest in the right residential property, you can expect to see your profit. Investing in real estate has an immense potential to get you sizeable profit in comparison to any other investments. This is what my friend Kayan believed but he was unable to make his brother understand the same.
His brother Mayank had decided to invest a lump sum amount in a business and so he went with the plan to his elder brother. Kayan explained to him all the pros and cons of the business which he was planning to start. He also suggested him to think about the real estate investment. This would have been a great idea and, thus, asked him to buy a 1 BHK flat in South Kolkata and prepare it for cash flow. It was quite difficult to convince Mayank on real estate investment. However, still, Kayan tried his skills to convince his younger brother.
He started saying that when talking about real estate investment, there are different risks as well as returns to deal with. To be honest, real estate investment comes with higher returns than any other investments. Even there is a higher efficiency ratio with moderate risk.
Listed here are the top five reasons by Kayan on why investing in real estate is considered a blessing.
- Cash Flow– Buying a property in a locality that is developing or developed and has all basic facilities like good medical centres, schools, colleges and others within the proximity, is always a good decision. It is a blessing if the location of the property is well connected to the important areas. No wonder, this will add value to the property, thus, making it a favourite home for the potential homebuyers. In fact, they will be ready to pay a pretty handsome rent amount.
- ROI (Return on Investment)– The Return on Investment or ROI is a performance measure, which is required to evaluate the efficiency of your investment.
- Maximise Returns– Taking a good and decent residential property will save money in both ways. You can either own your house by saving the rent money or can put the property on rent.
- 100% Control– Investing in a home is one of the major plus points because you get 100% control on the investment that has been made. As it would be a huge investment, it will not be subjected to any market risk.
- Scope to Refurbish– As it will be your own property, you can easily go for a cosmetic renovation as per the change in lifestyle trends.
What Kayan has discussed was quite helpful. Hope, it encourages investors like Mayank to take a call on real estate investment, which shall fetch good returns.