Everyone wants to buy a house for investment purposes or for residential purposes in this topic we will describe 6 main reasons why buying a house is a bad investment and how you will get maximum benefits from the house.
A common myth about Residential Property.
This is one of the most common queries amount, people, that
either they should buy a house for residential purposes or they should use the rental
property for residential purposes. There are many real estate businessmen or
brokers who always force you to buy your personal homes and that’s why it is
one of the top wishes for many peoples. It is ultimately increasing the prices
of the property but if you analyze your financial system yourself or get advice
from real financial expert he will explain to you why it is really a bad investment
to invest in buying a property and how rental property is more beneficial for
residential purpose. You can also explore more about rental properties tips.
Resident over Business
If you are a business you definitely understand the importance
of capital and how you can utilize this to get more benefits within no time. If
you wanted to purchase a property for personal residential first of all it
takes a major part of your capital which you can use in your business. It means
if you buy a property it will decrease your business. You know Business is
always more responsive and has the ability to maximize your profit but on the
other hand, your house for rent is absolutely nominal. If you didn’t know about
the rents in Lahore of a Specific city you can search from there House for rent in Lahore
.
In reality, it means
you are investing a lot of money just for little saving of your home rent. You
must prefer your business as you can get a better return on investment in your
business as compared to the property you are investing for personal
residential. If you have a strong business where you are receiving a good
profit you can use this profit to hire better rental property with more luxury.
Stops Money Flow
If you have a large capital it
will only be beneficial for you and your country if it is in the circulating
cash flow. Investing a large amount of money on residential property only for
luxury and comfort just stops the money flow, as a result, it disturbs the flow
of the economy of the country. You can use this money or capital in the business
and it will not only beneficial for you but for many others as well. If you
invest this capital in the real estate industry or construction then definitely
there will be no issue in that as it’s providing jobs, business and growth
opportunities to others and overall contribution in-country economic
development.
Increase Personal Expenses
If you have a personal property for your residential purpose
definitely you will have a lot of attachments with your property. When you have
a personal property definitely it will require a lot of monthly expenses. All
this money is waste as you will not feel satisfied doesn’t matter how much
money you spend on your property when you are trying to make it more and more
comfortable. When you don’t have a personal property owner will be responsible
for all kinds of maintains and renovations and you don’t need to worry about
expenses on the property.
Bad Investment
You spending a lot of capital just too safe a little rent.
This is only because we want luxury and comfort and that’s why we want our own
home with all the basic and lavish facilities. This is why we spend a lot of
money on our residential property but this is simply a bad investment at the wall.
No financial advisor will prefer you to do this until or unless you have a
strong business setup.
Stops Movability
When you have a personal property it stops you from a move from one place to another. When you are living on a residential property you can easily move as you don’t have any personal attachment. In your life to boost your carrier you need to move sometimes from one place to another.If you want more Information related to Investments , Rental Properties & Real estate agents you must visit Pakistan’s Best Real estate Portal. There you will find all type of answers regarding your quires
