The Right Time To Buy A House
The real estate market has always been growing. Of course, there were a few blips down the years, like the pandemic we are experiencing now or the economic depression of 2008-2009. Yes, times when the market for residential and commercial spaces had its lowdown. But if you look at the mortgage applications over the past years, the demand to buy a house has been constantly increasing. And so, there has been a steady rise in the cost of property. However, every time a first time home buyer plans to invest in residential property, this one doubt always poses a challenge – Will it be right to invest in a long term asset in this shaky economy?
Owning a home is one of the most popular ways to build wealth. As every part of your investment can bring you multiple returns in terms of asset appreciation, rental income and or savings in taxes.
Now’s The Right Time To Buy A House
A comparison of return on investment from different asset classes will illustrate commercial properties being better options. However, if you are looking for a residential space or a vacation rental space, then the comparison may not apply. Because, your investment objective here will be more about having a comfortable shelter for your family or a place to relax away from the city. And more than wealth building, the primary goal will be about happy living, with some incremental income.
Did you know, homeowners are said to be financially better off than people who live in rented spaces.
Given the pandemic induced low mortgage rates today, coupled with trending work-from-home policies, now can be a good time to invest in a residential property.
Right Age To Invest In A House
The average home buyer’s age has been dropping since some years. With increasing family income, young couples today are dreaming up their paradises earlier in their life stages. However, the right age to buy a house will be dependent on financial ability to commit to a long term investment schedule. Including assessment of mortgage options, availability of loans and location of property.
Ready To Invest?
Vishuddh Properties offers the best real estate investment opportunities in gated communities, commercial spaces and residential buildings. So if you are looking for a great location that will shape up into an awesome asset in the coming years, contact +91 984 563 5787 – +91 963 294 0135 for a discussion. Along with location, Vishuddh Properties gives importance to Titles, adherence to Govt Norms, best development and specifications in the project. So you are assured of a secure property that can also get you a handsome ROI.