Is real estate investment for everyone?
Like any other investment, real estate has its own set dos and don’ts. Unless a person has a strong goal of generating extra income or looking for long-term security for family, real estate investment isn’t for them.
Buying a home and investing in real estate is not entirely the same. However, whatever the purpose maybe, Omkar Realtors’ projects are the right pick. While a home buyer looks for a good place to live, a real estate investor intends on gaining much more returns. A good place to live, however, can be one of the aspects for picking the right investment-centric home.
What kind of returns can one yield through realty investment?
• If one chooses to rent out their home, they can enjoy a good rental income. To many, this sort of cash flow helps in accelerating their already existing income. It also depends on the quality of the project.
• It helps better the diversification of your investment portfolio. A good variety of investments helps mitigate risks.
• Though inflation isn’t good news, for real estate investors, it creates a hedge against it. Hike in the price means more cashflow income, which further creates more security in the long-term.
Risks involved in real estate investments as opposed to other kinds of investments:
• There are many legal regulations like tenant laws and restricted use of property; if tampered with, can result in the ceasing of the property.
• A property can witness quite a few external shifts like depreciation, competition, economic conditions and quality of property maintenance. If one is not equipped to manage property under these circumstances, they’ll be heading towards a great loss.
• Buying projects offered by small/unknown brands as oppose to reputed brands like Omkar can also pose threats.
There are quite a few reasons like:
1. Not being legal property
2. Not RERA approved
3. Being misled or put in a dire situation due to shoddy paperwork
How to make a successful real estate investment?
• To navigate through the process of real estate investment efficiently, one must cover the basic grounds. For this, it is wise to take help of well-versed consultants in this field. Omkar Realtors not only has expertise of more than a decade, but their sales team always guide aspiring home-buyers, every step of the way.
• Buying rental property is a great way to make a successful investment. It not only generates income, but also lets one enjoy tax benefits.
• Ongoing properties like Omkar Realtor’s Sereno and Alta Monte are great picks if one wants to invest in under-construction projects. A project like Sereno is most likely to be completed around the time where the location will have witnessed far more development. In Sereno’s case, there is an upcoming metro that’ll be only a little over 2 minutes away.
• No matter how good of a catch a property is for investment, it is always important to set aside some money for a rainy-day fund. This money will come in handy when the income from said investment is disrupted or decreased. One must always be prepared to deal with unfavorable conditions.
Conclusion
The fruits of a good real estate investment are always sweet. And with a reputable brand like Omkar Realtors offering guidance and homes, the path to a wise real estate investment will be easy.
However, to enjoy just that, one must start setting realistic goals that they can fulfill. “Is it a long term or a short-term investment?”, “Is the purchase impulsive or not?”, “Is the forecast of the real estate market looking good?”, are some of the questions you must ask yourself before starting to invest.
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