Every investment has some kind of risk factor attached to it. However, while compared to the stock market or similar other risky industries, real estate is a safe bet. The best part about real estate investment is that you do not necessarily need the experience to do it. A first-timer can do it, rather do make a real estate investment quite easily. As per market research, an investment in real estate is likely to give you hefty returns in the future as compared to other investments.
Since our great grandparents’ times, land or property investment has been considered the best kind of investment. Not only does it create a safe roof for generations to stay in but it also guarantees to fetch great returns in the future. There are multiple examples where people have become billionaires by investing in real estate. For middle-income groups in Eastern India, real estate investment is like a safe retirement plan.
In spite of the growing population, there is a limitation of land and that is why the demand for real estate will always keep increasing. So, if you are wondering if investing in real is a wise choice or not, be assured that it is. It is also to be noted that the value of a property changes from time to time. With the current scenario, if you invest in a property today, its value is most likely to get doubled in the next 5 years.
Monthly rental income
Real estate investment gives you a monthly source of income. Wondering how? Think, for instance, you have invested in a property and now you are providing rental services there. Therefore, you will make a fixed amount of money every month.
If you are wondering that this will only be possible if you go for a second investment, but you are wrong. There are innumerable people who offer rental services in their primary homes. This system is very common in Kolkata and people seem to make good money out of it. In the case of second investments, it is like a safe haven for you during your retirement days.
Owning a property not only keeps you and your savings safe but also helps in tax reductions. There are multiple deductions for expenses after you have invested in real estates, like maintenance charges, renovations, security, etc. All these costs combined can give you a generous amount of tax deduction on your overall taxes.
On the other hand, if your investment property gets sold in a year, you are capable of getting capital gains which depending on your individual tax bracket is usually 15% or 20% and is less than one’s personal tax bracket.
Real estate is an ever-blooming market and investment in real estate will always look good on your savings and finances. Along with all the advantages of investing in real estate, the most important reason why you should invest in real estate is because it is rather very easy to do it. There are not many complications regarding finances and there are many channels to help you out. If you are looking for affordable and comfortable housing in New Town and Sector V, Kolkata, get in touch with us. For more real estate information, keep following us.