We all want to be able to plan properly for our retirement because after working for 35 to 40 years, this is a break that will be well deserved. The last thing that you want happening however is to not have enough money to live the life that you want to enjoy. It is never too early to start investing in your future and while many financial advisers will point you in many different directions, the one investment that holds true every single time and grows in value is property.
This is why you really need to look at real estate investment in Thailand because there are so many options here compared to other countries and the prices of the properties are affordable when compared to properties in cities like London, Paris and Munich. Bangkok is a bustling metropolis that grows in popularity every year and this is where people want to live and where they want to work. It used to be the case that you needed a large amount of money to start a property portfolio but that is not the case in this country.
The following are some of the reasons why everyone needs to be investing in real estate to create a suitable nest egg for retirement.
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- The property will appreciate – The only thing that we have to go on are statistics and over the past number of decades all over the world including Thailand, property prices have continued to go in an upward trend. Not only will the property appreciate in value but you can rent it out for the times that you are not there which will cover the mortgage payments and then there will be money left over as well. It’s nice to know that there is money coming at the end of the month that you can be assured of.
- You will have cash flow – If it is your intention to buy a property and then to rent it out long term, you are making a very wise financial decision. You can generate cash flow because the total rent that you will be charging will be in excess of the mortgage payments that you need to come up with every single month. As you pay down your mortgage over the coming years, the cash flow situation improves and maybe you can think about investing in another property.
- It helps to build wealth – Anyone who invested in property 20 to 25 years ago has easily doubled their investment if not more. The same is expected to occur over the next couple of decades, so you can enjoy an increase in your equity and this can provide you with the leverage that you need to buy more properties.
Now that you know the benefits of investing in real estate, start looking in selected areas where you know that you can rent the property if you buy it. Check out the local area for essential amenities.
