Many of us are focused on starting a profession and living independently as we navigate the world of young adulthood and buying a house is one of the last things on our minds. But, as any successful property investor will tell you, it's never too early to begin expanding your portfolio and gaining the leverage you'll need to purchase your ideal home.
Here are a few reasons why buying an investment property at a young age can be a winning strategy.
1. You have the Advantage of Time
As a youngster, you will have the biggest asset to your credit – time. You have a lot of time to investigate, learn, and succeed if you start investing early in your career. Nothing can stop you at this point. Even if you make mistakes, the consequences will be minor because you will have plenty of time to correct them and reap the rewards.
2. You can Avail Loans Easily
Everybody needs some finances to invest in real estate. Typically, where home loans come into the picture. If you're young, you have got a lot of time to pay off your credits, and this gives you an advantage over somebody who begins investing late in his life. For example, if you start to invest in your early 30s, you will have 30+ years to repay your loans. This time frame makes you eligible for long loan repayment periods that come at low-interest rates.
3. You will get Better at Financial Management
Once you begin investing, you'll be dealing with cash flow and overseeing cash on a regular basis. Whether you purchase a private property and earn a rental income out of it or invest in a commercial space, you'll be dealing with finances, and that would make you a responsible person.
4. You will market the real estate business to the right audience
Being a tech-savvy youngsters has its own advantages. As your information with different innovations, particularly social media, is very high, you will effortlessly advertise your real estate business online. Whether you’re planning to lease it or sell it, you’ll know where to promote and to whom you ought to pitch it to.
5. You can retire early
If you begin investing early, you will reap its benefits soon. This way, you'll be able retire early and travel the world, read books, or keep striking things off your bucket list. In the event that you invest at the age of 50, you may have around ten years to accomplish what you want to. However, in case you begin investing at the age of 20, you'll make profits and retire once you are 40 or 50 and have a satisfied retirement.
WHY YOU SHOULD INVEST IN REAL ESTATE IN THE PHILIPPINES ?
Real estate has been and remains to be a thriving industry. But still, as a prospective investor, you’d want further proof why right now, real estate investing is one of the best ventures to take.
Here are two reasons that can encourage you to step outside your comfort zone and go for a real estate investment in the Philippines.
Relatively low risks
Indeed, all investments have risks, yet real estate is known to be perhaps the most secure investments you can make. Real estate investment is not influenced by fluctuating markets. Subsequently, the worth of a given property will just go up after some time. This provides you with financial security, especially if you're also considering putting resources into stocks or bonds.
Endless Returns
Once more, the Philippines has a shockingly steady housing market. That implies the longer you have real estate here, the more you’ll profit from it! This additionally makes real estate a solid asset of capital for additional investments.
THE BEST PLACE TO INVEST AND LIVE IN
For property investors and homebuyers, moving out of Manila can also be worthwhile in certain angles. In numerous spaces outside the metro, the average cost for basic items is a lot lower, traffic circumstances are better, the duplication of occupations is expanding, and the real estate market is more reasonable, giving home buyers more choices.
Just like other progressive locations outside Metro Manila, Bacolod is one of the fastest developing cities in the Philippines. As the capital of Negros Occidental, Bacolod has everything—a quickly developing economy, beautiful climate, hospitable community, rich history and culture. The City of Smiles has a city and country charm all wrapped in one.
Making the City of Smiles a home is one of the best decisions for young investors. The whole community of Bacolod City offers a lively and exciting welcome for newcomers. For investment reasons, there are a lot of subdivisions in Bacolod City offering great affordable house and lot options, like Lessandra.
Lessandra Bacolod is one of the best Subdivision in Bacolod City notable for its quality and affordable properties. Inside the community, homeowners get to experience a maaliwalas life, they also get to enjoy recreational spaces that support a healthy life. With the potential gains of being at the center of a progressive city like Bacolod, life in Lessandra, and Bacolod is without a doubt one of the best choices for a steady future. Come home to the booming City of Smiles and experience an Angat and Aliwalas life!
Article By: ANNIE DOFELIZ
Source: https://citiglobal.com.ph/blog/guide-real-estate-investments-philippines/