Are you interested in investing your money and getting a sizable return?
One of the best ways to do it is by purchasing property. Maintaining and updating an investment home allows you to see the value of your property grow, becoming more and more valuable over the years. There are a handful of ways to invest money – you can purchase everything from stocks and bonds to bars of gold – but real estate is one of the most popular and common investment options, especially since you can play a more active role in your investment and even use it to make additional income. Let’s look at a few of the main advantages of real estate investing.
Start Making Money on Your Investment Right Away
If you purchase a home or a condo as an investment property, you can start renting it out as soon as you want. This gives you a passive income stream – collecting rent from your tenants every month to help you pay off the full amount of the property, manage upkeep and invest in improvements. While it may take a little effort on your part every month to keep the property managed, you will, in essence, be using someone else’s money to fund your investment. This will pay off in a big way in the long run.
Making Improvements on Your Investment Property Can Increase Value
With stocks, bonds, gold and other investments, there isn’t a whole lot you can do to improve them. You’re more or less at the mercy of the stock market and other external factors. But with a real estate investment, you can make improvements that will increase the value of your investment very quickly. By putting a new kitchen or bathroom into an investment property, you can also see a large return right away, as these kinds of improvements can command a higher rent price.
Property Investments Don’t Require a Significant Amount of Cash Up Front
When you invest your money in stocks, bonds or other traditional investment options, you will typically need to put your money up at the beginning of the process so that it can be invested. You’re buying these tradable commodities, and that requires cash up front. That’s not usually the case when buying an investment property. While you do always have the option of paying for a property with cash, and you will need a significant balance for a down payment, there are many more financing options available when buying property, which means you can pay for your property over time while still growing your money for the future.
If you have considered purchasing a property as an investment, now is an excellent time to do it. Berkshire Property Agents has a large selection of properties available and our team would be happy to show some great options to you. Call us at 413-528-6800 today to schedule an appointment with one of our agents.