Is Property a Good Investment?JoshDecember 17, 20140 viewsHome Finance0 Comments0 views 0 Making sane and profitable investments can save you from having to worry about money. At the same time though, it can be a difficult (and sometimes downright stressful) decision as well. For instance, if you have thought of investing in real estate, you are probably wondering whether or not this is still profitable. If you want to find out more about property investments and why you should (or shouldn’t) make the move, make sure to read on. Yes, Property Is a Good Investment If you are looking for a fairly safe long-term investment, property is the right thing to go after. The main advantage of investing in real estate comes with a very simple fact: people will always need homes and places to stay at so they will always “push” the real estate market in one way or another. Property is a stable investment that will most likely not depreciate too much over the course of time (of course, unless there are very special circumstances which can make the price of a house or apartment drop significantly). As for the amount of profit property can generate, it really depends on a variety of things. If you want to buy a home, remodel it and sell it, you might be able to make a fairly beautiful amount of money on a short-to-medium timespan. If you want to buy a house to rent it, you will also get good ROI, but it will happen over the course of many years. Things You Absolutely Need to Know about Property Investment Property can be excellent as investment, but you should make sure that you really know how to do it as well. Before making the jump, make sure that you are fully aware of the disadvantages and of the things that absolutely have to be taken into consideration. One of them is that you have to be really careful when it comes to picking your precise piece of real estate. Pay attention to the area, to how many jobs are created there, to schools and to neighborhoods. Pay attention to the state of the house and to how much money you should invest in it after you buy it. Pay attention to how much you will end up paying if you have to take a mortgage to purchase a house or apartment. Make sure you do all the math and all the research possible and you will most likely make a good investment. Furthermore, if you buy the house to rent it out, take into consideration the fact that there will be repair, maintenance and administration costs you will have to support. Even more, make sure that the house you buy to rent out is actually suitable for this kind of thing (in terms of location, size and so on). Last, but definitely not least, if you want to invest in property to actually live in it, take into consideration interest rates and how much the house will end up costing in the end. On the upside, remind yourself that, after 25 years of making steady payments you will not have to pay anything any longer (aside from the bills, of course).