Investing in real estate is a decision many people will make at some point in their lives. Often it’s a way to be more fiscally responsible when it comes to paying for a place to live, but it’s also used by homeowners as a way of receiving a return on their property when they no longer need it. Regardless of the reasons one decides buy a condo or house, the terms “property buyer” and “property investor” both apply.
First time home buyers may not always realize that these terms are synonymous (or “same, same,” as they say in Thailand), but the fact of the matter is that no one who buys a property expects to make a loss on it. Virtually all property purchases are made with the intention of earning some kind of return; either through the re-sale only or through renting out the property in the meantime.
When you invest in a property, you’re not limited to keep it as either a long-term or a short-term endeavor. If you invest in a condo building you can make a great and fast return by flipping it via remodeling or renovating. If that’s not something you’re interested in doing, you can still make a return by waiting for the property to appreciate on its own. If you do have time to wait it out you can hold onto your property for ten or so years and sell it once its value has naturally increased for a profit.
Even if for some reason the house or condo you bought does not appreciate, you are still benefitting from the purchase as an investment whenever you sell and get back the same amount as you bought it for. At least all that money you would have spent on rent is back in your own pocket and not your landlord’s.
For a number of reasons buying property is widely viewed as one of the safest and easiest options for investing in general. Aside from the concepts mentioned above, people tend to enjoy investing in property because it helps their peace of mind to know their investment is tangible; something that they can actually see and touch.
Are you ready to invest?
