Investment property for sale
Property is always a good investment especially when you are looking to get returns over a long period of time. Not only is it a good investment but it is a good cushion to fall on when you are fired from a job or when you retire. Is property a good investment some might ask? If so then what kind of property does one need to invest in, these are just some questions that might come to light. Residential property is a first. It is necessary that you pin point the investment that will pay off quicker, in this case we all know that one needs to live comfortably after work and this could be the case with most hence the need to buy a residential property that you can rent out to individuals.
Many would largely agree that residential property is a good investment. The best proof of this is your own private home. According to surveys carried out by the banks, people live in a house for an average of seven years before selling it to buy another one. As far as we are concerned, no-one has ever received less after seven years than what they paid in the first place. So clearly you know where you put your money to get a substantial turnover.
According to a recent survey, the average growth on Investment property for sale over the past 20 years has been in the region of 13% per annum. It’s been a lot higher over the last five years, but we could just keep it at 13% just for accuracy. A house that cost R360,000 seven years ago would sell for R846,000 today. At first glance that seems to be a good investment, but is it a good investment to buy houses and rent them out? In most case it would be profitable to buy and rent a house out especially if you bought a 3 bedroom and you rent each room out for 2000.00 in that case you would receive 6000.00 on a fully paid off house. Most people that lease their homes are in a strong financial position.
Buy into Investment property for sale today and get rewarded with an annual profit.
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