Are you considering taking the property investment plunge and investing in property? Here are four reasons why you should.
Property is viewed as a safer investment
According to many investors, bricks and mortar are better, especially in volatile times. The stock market can be a scary place to navigate, especially if you are a first-time investor. But we all know houses. The key is approaching an investment carefully.
Property investment is not time intensive
If you’re thinking long term, and you are a passive investor, owning an investment property can be a rewarding decision. The great thing is that if you hire a property management company you don’t have to spend too much time working on your property. After the initial research and purchase period (where lots of research and careful attention to detail is crucial), you can sit back and relax as your investment grows.
Investing in property is easier to understand
One of the reasons why property investment is so popular is its familiarity. We all grew up in houses, and we’ve probably had some exposure to the real estate market at some point in our lives. Compared to the share market, where understanding the intricacies can take months – even years – the property market is straightforward: you buy an investment property; you rent out the investment property, and if you’ve made smart decisions your investment grows.
With property investment, you are in control
Chances are you have complete control over your property investment; you have the final say about the direction of the investment. You can choose when repairs are made. You choose the tenants who can live in it, and you choose when to sell it. While we provide advice, the ultimate power to say ‘yes’ or ‘no’ is in your hands.
What has your property investment experience been like? Would you like to add anything to the list? Let us know on Facebook.Baldivis market update – be on top of the game