Real estate: A crisis-proof investment

0

Real estate investing provides a safe haven for your money.—Maria Ziegler/Unsplash

When we face crises, we take the good with the bad. While the COVID-19 pandemic, for example, continues to pose a threat to people, businesses and economies, we have still been able to reap the benefits.

Telecommuting has allowed some employees to continue to be productive without having to leave the confines of their homes. It also allowed the students to continue their learning.

But work-from-home arrangements and innovation in remote learning have come at a price. Besides equipment, one of the most important requirements was the availability of a dedicated space in the home to provide a physical boundary that separates work and family activities.

Having our own personal space is not only useful for working and studying, but also for isolating ourselves if a family member develops symptoms. This gives us confidence that by providing appropriate home care for our family, we are also protecting others from infection.

Investing in times of crisis

The pandemic has thus underscored once again the importance of having one’s own home and, therefore, of investing in real estate, which has continued to thrive even in the midst of the crisis.

For one thing, this investment can still serve as your family’s shelter should you decide to convert it for personal use. It can even be considered part of your legacy if somewhere along the line you choose to pass it on to the next generation.

Real estate investing further provides a safe haven for your money, as you are buying appreciating assets. It can also create additional income streams if you decide to rent or lease the property. You don’t give up ownership of the asset, but you do gain both periodic payments and long-term appreciation in value.

Having our own personal space is convenient for working and studying.—TINA WITHERSPOON/UNSPLASH

Having our own personal space is convenient for working and studying. —TINA WITHERSPOON/UNSPLASH

These are just a few of the reasons why real estate investing is something you should seriously consider, especially in a market filled with uncertainty and volatility.

Reputable developers, quality properties

Today, there are fortunately a number of affordable investment options you can choose from. But remember, cheap is different from affordable.

Don’t try to save money by getting cheap properties. Look for reputable developers offering affordable but quality properties, because if you skimp on real estate, you may end up spending more on repairs, renovations or damage. So save money, hassle and headaches by dealing with established names in the industry.

Another factor why you should research the biggest names in the industry has something to do with engagement. They have a high success rate in handing over properties, which are ready for occupancy. You do not need to hire third party providers to disinfect, clean and declutter the property as these are already part of their service.

If you borrow from the bank, you also have a high chance of being approved because the bank is guaranteed to get a quality property if you end up defaulting.

And if you decide to rent, rent or perhaps sell the property, the brand itself will help you find quality buyers faster.

Acquiring real estate is no joke. It is therefore preferable that you make it an enriching experience. Whichever path you take, be it borrowing or investing in your dream property, ultimately you can never go wrong if you get it from an established name in the industry.

Read more

Don’t miss the latest news and information.

Subscribe to INQUIRER PLUS to access The Philippine Daily Inquirer and over 70 titles, share up to 5 gadgets, listen to the news, download as early as 4am and share articles on social media. Call 896 6000.

For comments, complaints or inquiries, contact us.

Share.

About Author

Comments are closed.