Almost everyone has a dream to purchase and own our residences, and most of us work hard towards achieving this. For many of us, having a home of our own is an indication that we have achieved success in life. Given below are some of the key reasons to invest in real estate:
Stable Investment – Real estate, unlike other traditional investments, is one of the most stable sectors that does not fluctuate wildly. The industry is usually quick to recover from economic slowdowns and is almost risk-free. This is also a tangible, physical asset, unlike stocks and bonds.
Appreciation – There is always an increasing demand for housing and land. This means that the value of property always appreciates, and investment in real estate assures one of good returns. An in-depth study of upcoming localities can bring high gains to investors with low investments.
Secure Future – Investing in a home is securing the future of you and your family. There is no greater sense of security than a roof over your head and a space to call your own. This is your personal space, and you are not at the whim and fancy of your landlord. You can customize the space to suit your needs and build many happy memories with your family.
Tax Benefits – There are several lucrative tax benefits that can be availed of by home investors against their home loans. These tax deductions depend on both the principal amount and interest paid and can result in significant savings. The government has several schemes that have been designed to help individuals to acquire their own homes.
Passive Income – Rental properties are a great source of increasing passive income for home investors. With a growing demand for rental homes, especially in cities, investors stand to make a healthy income from their properties.
The Prestige City new launch township at Sarjapur Road, East Bangalore.