Most of the people prefer investing in real estate because of the quick returns on the investment. One good thing with this is that you will be able to get the money used in building the house within a short period. This is because once the building has been completed you will be in a position to receive steady income at the end of every month which will give you an easy time to repay the mortgage arrears and start improving your savings. While when you invest in the stock market, you will not be in a position to get quick return since it is always influenced by inflation.
Apart from that, real estate does not depreciate in value. This is one type of investment that will never depreciate in value since there will always be something that you can do to boost it. One way of boosting the value of your house is by painting it on the inside and outside to make it attractive. Not only that but you can also renovate the building by repairing and replacing the worn out parts as this will make them look new again. Besides, they are not influenced by inflation which is one major problem faced in the stock market.
Besides, most of the people prefer investing in real estate because of the low maintenance cost. One good thing with real estate is that it always takes a long period of time before you could make any major repair. Not only that but when setting the amount of money that will be paid per month, you can include the maintenance fee so that you don’t use the money from your pocket. Besides, when a tenant damages anything in the property it will be there responsibility and they will have to pay for it. Because of all this you will realize that you will spend very little in maintaining your real estate.
Apart from that, most of the people also prefer investing in real estate because of the many tax advantages. This is because the majority of people who invest in property are being excluded from the list of the taxpayer by the central government. You should know that there are some countries that they are paying tax but not as much as those people who invest in the stock market. It is essential to note that it is the responsibility of the government to settle the people who are landless and by building houses you will be doing them a big favor of settling the landless.
Last but not least, it is easy to obtain a loan from the bank. This is simple since the bank will take the title of your land and use it as the security of which they will be able to sell your house to get their money back if you fail to repay your loan.