411homerepair.com

Millionaires become Millionaires not by Saving Money, but by Investing in Real Estate

by Guest Post on Aug 15, 2014

Before you decided to a home purchase, you will have to determine your grounds for buying a property at first thought. There are only 2 types of reasons for having a residential property: It's either buying for your stay or investment. There is a deviation between purchasing a house to live in versus buying one for investment.

Basics Features of Real Estate

  1. The long term nature of brick and mortar - Real Estate are built with the purpose to go through ages
  2. The ever increasing cost of materials - the price of raw materials set to increase due to the rapid growth of growing countries
  3. Increasing Labour Costs - Labour is also expected to maintain pace with inflation, thus increasing the price of real estate as time goes by
  4. The rising price of land - Over time, the cost of land will go up, This is especially so for land ingrown district and business hubs that can drive the prices many folds

Before You Buy, Consider Why?

If you intend to live in it yourself, your main concern is size, location, and budget. For example, if you're single, it is logical to purchase a small studio condo. Purchase when you're a newly married, you and your mate might consider for an average-sized condominium that you can afford with your combined remunerations. If you plan to have more and are making enough money, you may want a bigger apartment with more bedrooms.

If you're purchasing an apartment as an investment, your main interest is the rental yield that the property can yield for you. You do not have to worry about whether you will be comfortable in your purchase; alternatively, you will have to find interested tenants or buyers that ready to meet your price.

Article submitted by http://www.propertyreview.sg

Latest Articles

How Much Does It Cost To Take A Bath​?

Plumbers know that a bath may seem like a relaxing luxury, but the real cost extends far beyond your water bill. The average soak uses 35 to 50...

on Apr 8, 2025

10 Concrete Patio Ideas on a Budget

A concrete patio can be a game-changer for your outdoor space. It is durable, versatile, and can be customized to fit your style. But what if you...

on Mar 25, 2025

Tips for Creating a Stunning Personalized Photo on Canvas

Order the unique beauty of a personalized photo on canvas and bring your memories to life. With a customized photo on canvas, you can transform...

on Mar 7, 2025

Best Areas to Buy Property in Singapore for Long-Term Growth

Singapore's real estate market remains one of the most stable and lucrative in the world. With limited land supply, strong governmental...

on Feb 18, 2025

Troubleshooting Excess Water in Your HVAC Secondary Condensate Drain Pan

When maintaining your air conditioning system, it is easy to overlook the condensate drain pan - until excess water starts pooling in places where...

on Jan 12, 2025

Sponsored Articles

Actions

More DIY Articles

Choosing the Right Roofing Materials for the Right Job

Choosing the right roofing materials begins with knowing what you will need for the job. Once you find the page that lists the materials needed you...

Roofing / Gutters

How Large can I Build a Structure in my Backyard?

If you are really asking how big you can build without having to worry about permits and paperwork, that is a different issue than having an...

Garden / Landscaping / Patio

Creating a Strong Home Security Plan

Crime remains a major concern for most homeowners. The reality of becoming a victim is frightening, yet many people don't know what steps are most...

Safety / Security

Tips for a Cosy Conservatory

A conservatory is a wonderful room to have in your home, mainly because it can be used for a variety of different reasons. For instance, you may...

Interior Design / Decor

How to Install a Garage Door Opener Easily

Garage door openers always look nice and beautiful at residential areas. Usually garage door openers appear in simple, elegant and graceful designs...

Doors / Garages

Contact Us | Submit Article | 411homerepair © 2025