Why Invest In Real Estate
To some people, the hospitality and tourism industry is the most lucrative and vibrant industry in the world. However anyone who wishes to disagree with this view will not be wrong if the industry mentioned is the real estate industry as against the hospitality and tourism industry. The hospitality and tourism industry is a segment of the real estate industry, which lucrative and viability nature is determined by the lucrative viable nature of the real estate industry.
The real estate industry is the most viable and relevant industry as it importance cannot be over emphasized. A piece of estate in needed for any industry business (from mining, agricultural, construction, commerce, etc) to take place, even as far to our daily living. The real estate forms a basic human need coming only behind air, water and food; and as such there is a very high and increasing demand form a real estate. Among air, water, food and real estate, the value of real estate grows faster and is ever growing more than the former.
For a great number reasons the real estate industry is a safe haven for investment. You can enjoy an excellent rate of returns, amazing tax advantages and leverage real estate to build your wealth. Here are the top reasons why real estate is a great investment.
Real estate provides better returns than the stock market without as much volatility. The real estate industry doesn’t need a lot of technically manage, although the use of a skilled and professional realtor and agent will come handy in maximizing profit. Historically in real estate, your risk of loss is minimized by the length of time you hold on to your property. When the market improves, so does the value of your home, and as a result, you build equity. The risk never changes in the stock market and there are numerous factors beyond your control that can negatively impact your investment.
Real estate gives you more control of your investment because your property is a tangible asset that you can leverage to capitalize on numerous revenue streams, while enjoying capital appreciation.
Real estate has tangible asset value which is ever appreciating.
There will always be value in your land, and value in your home. Other investments can leave you with little to no tangible asset value such as a stock which can dip to zero, or a new car which decreases in value over time. Home owners insurance will protect your investment in real estate, so be sure to get the best policy available so your asset is protected in the worst-case scenario.
Real estate values will always increase over time.
History continues to prove that the longer you hold onto your real estate, the more money you will make. The housing market has always recovered from past bubbles that caused home appreciation to slip, and for those who held on to their investments during those uncertain times, prices have returned to normal, and appreciation is back on track. Now, real estate investors in the top performing markets are enjoying a windfall. In fact, this past year, every state in the nation had a positive appreciation, and some of my clients in the Benin City, Lagos, Abuja, Asaba and Portharcourt market have made millions of Naira in less than a year from flipping.
An investment in real estate can also diversify your portfolio. If you’ve ever spoken to a financial planner about investing, then you are very aware of the importance of diversification. When you diversify your portfolio, you spread out the risk. Real estate will always serve as a safe tangible asset to mitigate the risk in your portfolio. Many have amassed wealth by solely investing in real estate.
An investment in real estate is not only a safe financial investment; it is also an investment that can provide years of fun, happiness and priceless memories that will last a lifetime.
Are you ready to take the bold step into real estate investment?
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