In: Real Estate

Types Of Property Investment

Making any sort of investment will be a risk, but it could also make you a lot of money, which, of course, is the aim. But why property investment? It’s something that we all aspire to do one day, even if we don’t think of it as an investment. It’s the normal course of life to eventually own your own home, and who wouldn’t want that? And in buying a house you are, effectively, making an investment in a physical asset. For most people, they will only buy one or two houses in their lifetime and never at the same time. And it has been predicted that less than half of millennials will be able to buy their own home before their mid to late thirties.  If you want to invest further in real estate, you can buy to rent, buy to sell, buy abroad and even buy into a bond. There are many ways in which you can use the property ladder to your advantage, but you need to know how to read the signs, when to hold back and when to go all in – it’s like a game of poker with incredibly high stakes.

 

Buying to live

If you’re going to live in your investment, then make sure you spend the time and money on maintaining, and improving it. By keeping on top of maintenance issues you will find things a lot easier when it comes round to selling up. Don’t cut corners when it comes to your renovations, and update the fixtures and fittings when you can. But don’t let that get in the way of you designing the home that you want to have. If you decide to sell then look into creating curb appeal for your home to make it more appealing to potential buyers. Also, think about when to sell – the market is constantly fluctuating, and switches between being better for the buyer and the seller. If you are unsure when to put your house up for sale then get advice from an estate agent first.

Building

Building your dream home can also be a great way of investing in property. A new build benefits from having all the modern appliances, wiring and plumbing. Meaning that it will need less renovation in the near future than an older building. It is also an attractive selling point for the next owners of the house. It is also great seeing as you will be able to have the perfect home for you. And you can even build to sell for profit, which you can read more about here: http://www.flippinghouses101.net/genius-justifications-for-building-property-to-sell-for-profit/.

 

Buying to Rent

Buying a house and leasing it comes with its own set of pros and cons. The positives are that it can be a steady income each month. If the house you’re leasing is mortgage free then the rent is completely yours to do what you will. And when you get around to selling the property, the money you make from that sale can go on to a further investment, or you can use it for traveling, to buy a bigger home or anything else you have always wanted to do. Becoming a landlord isn’t for everyone, however, and if you are planning on being a hands-on landlord then it can take up some of your time. You do have the option of appointing an agent through an estate agent to deal with the tenants directly.

 

Blockchain In Real Estate

With the rise of Bitcoin in the investment world, it only seems logical that cryptocurrency is a smart investment to make. And it’s only logical that blockchain technology, in any of its forms, is an easy transition to make. Companies like https://ihtcoin.com have taken this opportunity to use that technology in the real estate world – the idea being that you invest in cryptocurrency, like Bitcoin, to use in property investment and acquisition. With the way the world is responding to cryptocurrency, it looks like we’re going to see more of this type of transaction occurs.

 

Buying abroad

Buying property abroad can have a lot of advantages; the price of houses can be a lot cheaper abroad, as can the cost of repairs, renovations, and insurance. The downside is that you won’t be in the country to deal with any emergencies, and if you live in a different time zone then it might be hard for your agent to get hold of you.