Investment in real estate and why you should do it now
Investment in real estate has always been considered as a very important investment. But while we’re in the middle of a pandemic, here are some points why it has become even more important now…
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Long term investment:
Real estate is a guaranteed investment which assures great returns in the long run. It’s a place to park your hard earned money in an appreciating asset that has the potential to provide passive income. Your property’s value is most likely going to increase because land and buildings are appreciating assets.
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Tangible asset:
Real estate is a tangible asset made of brick and mortar. Improving the state of your old apartments by reconstructing them with “Rajesh Vyas Group”, you can increase the value of your asset and also have all the new amenities of a modern home.
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Stability and security:
Having an investment in real estate guarantees a stable flow of capital during an economic crisis. Financial security is foremost on people’s minds and one must deploy their money through multiple avenues. In the current situation, real estate offers you the best bet — stability, security and safety.
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No depreciation:
Real estate value never depreciates unlike other asset classes, which keeps the value of the property either as is or increasing. Appreciation levels for real estate have been 6 percent per year, including during the downturn in the economy beginning in 2007, according to the National Association of Realtors.
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Timing:
Timing is crucial when one is considering investing in real estate. Investing in real estate at the right time can increase the value of your property and in turn your investments.
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Tax benefits:
Tax codes allows various deductions for the normal expenses incurred in owning real estate, such as property upkeep, maintenance, improvements and even the interest paid on the mortgage. The deductions can offset income and reduce your overall taxes.
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Post crisis advantage:
After a crisis such as the ongoing CoVid-19 pandemic, real estate is set to emerge as one of the safest asset class for investments.