Of the many investment options which are available today, the best ones are considered to be those which have minimal risk while factoring in the rate of inflation. At times when expenses are only rising and the income to expense ratio getting only skewed gradually, a secondary source of income during such times is not an option but is rather compulsory.
Most people tend to go for stocks or mutual funds. They may provide a high rate of return and are subject to the volatility of the stock market. In such a scenario, one of the best options turns out to be real estate. It provides a number of benefits, a few of which are –
One of the best ways of earning money on a real-estate is by putting it up on rent. The rental money, however, varies on a number of factors including the location of the property and the available amenities around. Thus, if you are investing in real estate for the purpose of earning rental income, then you must conduct some research before making your investment. This will help in getting a good idea regarding the amount of rent paid by the tenants and their ratio to the price of the property.
Selling at Higher Price
The usual practice in India has always been to buy a property and then sell it after a minimum of ten years. This is because property prices are always known for rising over a long period of time and during which they are able to offset the costs of inflation and currency devaluation. One of the best options here would be to go for luxury homes which are in constant demand and offer excellent resale value because which they are considered a good investment option.
If you are looking to invest in property and want to get it financed, then there are a number of lenders who offer home loans for this purpose. These lenders, including NBFCs, offer a number of benefits such as loans of up to Rs. 3.5 crores, long repayment period, attractive interest rates, minimal documentation, loan top-up facility, and online loan account.
Additional Read:- Why Real Estate Is One of the Best Ways to Make Money