For example, are you buying a home because you’re looking to make an investment and increase your net worth? Then, buying a home may be worth it if the following apply to you: It’s an overall sound financial decision You’re looking for a relatively stable investment that can appreciate...
2. What is the "5-year rule" for selling a house? The "5-year rule" is a rule of thumb in the real estate market that suggests homeowners who sell their property in the first five years after buying it are more likely to lose money on this investment. However, this rule is flexib...
“If buying for investment purposes, such as a rental property ensure you are purchasing in a popular area and usually less is more, as there is demand for a 2 bed 2-bathroom apartment. Avoid higher priced purchases as this means the rental needs to be higher and it could be a struggle...
Investment properties offer a lot of benefits as well as a lot of risks. You must be willing to maintain the place, have the costs to run it, be fully committed and strive to work ethically. As well as be aware of the exposure of economic ups and downs that may have an effect on t...
This means the Australian economy is not growing as much as it is expected or at recent levels, and in order to stimulate the economy the RBA lowered the cash rate to promote households and businesses to take on more debt for investment to boost the economy. The RBA choosing to cut the ...
Foreigners can still purchase real estate under certain circumstances, such as for investment purposes in commercial properties or if they are purchasing land for development. Foreign buyers have the same rights as Canadian citizens and residents to purchase property, subject to the restrictions ...
Their over-all purpose is to protect the investment of the home-owner. A town or city may be divided into a number of areas or zones. Certain zones are given over to industrial purposes. Other zones are set aside for commercial enterprises, while still others are devoted exclusively to ...
If the unit is going to be bought for investment purposes, it will less likely be renovated as the tenants who rent would not require the extra designs. The only minor renovations you may encounter is to fix up the unit for leakages, painting of the unit and other minor jobs. ...
Return on investment. Since it generally costs more to buy a house than to rent on a monthly basis, at least in the early years, some people invest the money they save by renting instead of buying. For example, they put that money into mutual funds. That way they can build an investme...
Using cash to buy a home typically makes the buying process faster because there are no loan approvals and lender requirements. Having a mortgage can allow you to use your cash for other purposes, such as investing. In the long-term, investing has the potential to earn more profits than yo...