Simply, no matter when you read this, be it in 2017 or 50 years later down the line, real estate will be a good investment.
Why? Because it is the only investment that has stood the test of time and has always proved to be a sound investment to make! To see just why it is always a good time to invest in real estate, as well as to find some tips on just how to find success in the real estate game, make sure to read on.
Why you should bother investing in real estate
As stated, real estate represents the best investment that you can make when you are looking to invest your money in a potentially money-spinning deal. It is better than investing in a company. It is better than investing in a fad that is currently a bull in the stocks market. And, in fact, investing in real estate will probably allow your money a better chance of growing and curing more and more interest than even putting it into a savings account would.
This is all true because real estate investment is both proved, tried and tested through years of investing experience and it allows those that invest in it the chance to control the outcome of what they invest in. Yes, when you invest in real estate you allow yourself the chance to have complete control on your return on investment (ROI) because you can make active changes to the property.
You can, for instance, give a house you invest in an exterior facelift in order to improve its curb appeal to then make it far more attractive to potential buyers or tenants. Or, you can give a block of flats you invest in an interior improvement, which could include providing all the necessary pieces of equipment needed to provide a good standard of life, in order to entice letters in.
Simply, when you invest in real estate you give yourself the chance to make changes to your investment and make it far more likely to accrue you a profit.
But, when you do, be realistic about everything that you do
You should be realistic and sometimes even pessimistic about every investment that you make; you should do so because getting carried away with something in the world of investment spells certain disaster. And, when it comes to the specific world of real estate investment, you should be very realistic.
Simply, you must enter into your investment knowing what your limits are in regards to your finances, in regards to how much effort and time you are willing to put into the whole venture and in regards to how much knowledge and know-how you have in real estate.
For instance, if you know you will only be able to afford to invest in a certain size or type of home in a certain geographical area, then do not exceed this financial limit.
If you know you will not have the time to be able to ensure the estate you invest in is made as appealing as profitable as can be, then be careful with where you invest your money. And if you do not have specific know-how when it comes to a specific type of real estate, then only invest in the types you know about.
Basically, read your own investment abilities and work from there.
And make sure you keep up with and read the market at all times
All stocks and investment markets change and fluctuate constantly; the real estate market is no different. In fact, this is probably the market that has seen the most changes over the years, albeit because this is a market that has been around for as long as the concept of investment itself.
And, when it comes to the changes that take place in the real estate market, you should be reading them and keeping up with them at all times. You must be doing so, simply, because that can be the defining factor between you making a profit, making no profit or actually losing money.
When it comes to reading the real estate market, you should be taking note of recent occurrences within it no matter how innocuous they may seem.
For instance, if there is a small spike in the number of people flocking to a certain area at a certain time, then it would be best to invest in real estate in that area before a real boom in population and occupation takes place there.
Also, this means keeping your finger on the pulse of all proposed improvements to a certain area that may draw people in who are looking for housing; an example of doing this would be now investing in real estate in Birmingham, England because of the fact that the HS2 railway (proposed to be completed within the next ten years) will make this city within an hour’s commute of London, meaning those who work in London will realistically be able to reside in Birmingham (and that they will need somewhere to live).
So, when it comes to reading the real estate market, make sure you keep your ear to the ground with all the latest trends and make sure you understand the key factors that drive the market as a whole.
But you shouldn’t just be reading the market, you should be ensuring you keep up with it too — if you don’t do that, your investment portfolio will flounder for sure. And, this doesn’t just mean keeping up with the changes that directly affect estates and buildings, either.
Now, this also means keeping up with the changes in the practice of actively buying and selling real estate, too. For instance, this would mean forgoing the traditional route of advertising a home that you are intending to sell or let out, and instead opting for real estate text marketing.
By doing this you would be advertising the real estate that you have invested in online via photos, videos, social media posts and even virtual tours. By doing this, you would be very much advertising your real estate in the best way possible, and anything less than the best will make you not profit on your investment.
Real estate investments really have stood the test of the time, and they will continue to do so for years to come. So, if you’re looking for your next investment opportunity, make sure you bare this in mind.