With many banks failing, in the current scenario, many
people feel that it may not be wise to keep hard earned money in Banks. Stock
Markets and other forms of Financial Investments are also losing their
valuations & hence their charm among investors off-late!
So, what’s the best option in the current situation?
1. It is a 'physical asset' and the Property is accessible,
24 x 7:
No sudden closure of the building gate (like Banks nowadays)
2. The property doesn't shrink in size:
Physical assets cannot vanish or reduce in size - whereas,
in case of Bank accounts, RBI secures only small amount of your bank balance
and deposits.
3. No Limit on withdrawals:
You can sell any time, and get your entire money out - yes, it
may take time to sell, but eventually every property sells!
4. You will earn rental income:
Put the property on Rent and earn between 2.5 - 8% rental
returns. Most savvy investors are investing in Commercial property nowadays, to
earn between 6%~8% over a 3~5 year period.
5. No dealing with RBI, no Government involvement:
At best, you need to deal with the Society Committee /
Manager, which is much easier to deal with
6. Good chances of Appreciation - considering, real-estate
is at its lowest point currently:
There are high chances of appreciation in Property over the
next 3-5 year period!
7. Get tax rebates:
If you purchase a residential property, with a Home Loan OR
if you purchase a Commercial property in your Company's name, with a Bank Loan,
you can get Tax rebates, and save your money!
8. Asset Planning:
Property is considered as the best form of asset planning
for the next generation, from a long term perspective.
NOW IS THE BEST TIME TO BUY!!
•Prices have come down
•Property Taxes have been reduced (for small properties)
•GST has been reduced (from 12% to only 5% / 1% now)
•Stamp Duty has been reduced
•Home Loan rates have been reduced.
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