With each passing year, more and more entrepreneurs have started thinking about taking up the real estate market. Many places like Mumbai and Bangalore have seen a rise in real estate investments, say experts at Sulekha properties. Certain entrepreneurs of Mumbai for instance, have started searching for real estate properties for investment in Mumbai. They are ready to invest in Mumbai real estate looking up to the numerous benefits associated with real estate sectors.
However, we are also aware of the fact that a huge number of entrepreneurs, especially those having new start-ups, are still doubtful about the benefits that real estate can promise to them. And if you are one of this group, then this article is just for you! The following are certain reasons why it is advisable to invest your money in real estate:
- Be your own boss: Real estate is something where no one shall sit on your head and instruct you what to do and what not to do! You can use your own money and own rental property in whichever way you want. While it has its own risks owing to the fact that there is no fixed income, but real estate market hardly fluctuates, ensuring a pretty steady source of income.
- Tax-free income: Now this is an undeniable boon. Self-employment income is taxed, but the one received on rent is not. You also get depreciation rates benefits, and also mortgage interest deductions provided your capital is leveraged, adding more to your income.
- Constant appreciation: Every commodity has a depreciating value except real estate. You can be assured that real estate costs will keep increasing with passing time, thus ensuring quite a forever rising income.
- Post-retirement plan: While you are in service, your life is secured- you get a fixed and considerably good salary at the end of each month, and you can enjoy an economically undisturbed lifestyle. But what about life post-retirement? Well, that is where real estate investment comes to your rescue! It is always advised by real estate experts to keep at least one real estate property in hand, which you can sell or put on rent whenever you wish. You can dwell on it later own if you think you do not need this income source anymore! But then, your post-retirement life is secured. You know that you have a good income even if you have retired from service, and even if you have a pension, you can enjoy the advantage of an added income!