Why Buying a Home Is the Best Long-Term Investment Option
Published on: 16 Feb 2025
In recent times, the world has been dealing with the pandemic, and the real estate market took a hit as well, but now, though market conditions are evolving, many positive changes can be witnessed in the real estate market. Property prices have witnessed a significant hike.
Even today, buying a home is considered a significant milestone in any individual's life. It also gives you various benefits, including peace of mind and security, but can real estate be an investment option?
If we look at real estate as an investment option, it stands out as a secure, lucrative, and durable option compared to any other investment option, such as bonds, mutual funds, etc.
Buying your home will provide you with multiple benefits. One of them is how your home can turn into an investment asset when you plan to sell it!
So, here are some reasons why purchasing your home has many advantages to it.
Price appreciation:
Price appreciation means the increase in the value of a property over time. However, this depends on various factors. As we talked about how positive changes are coming about in the industry, it is given that the home you already own can serve as an investment asset shortly. The home you own today will be sold at a higher price than the current property rates. Investing in the current market can be beneficial since a lot of price appreciation comes with it, especially in the long run. The demand is high, and if you invest in a home in Pune today, the property's value will increase with time.
Second option:
The market was unstable due to the pandemic, but now is a very appropriate time to invest in real estate and buy your second home. Also, the interest rates are low, so now is the best time to purchase or invest in real estate. Depending on your budget and requirements, you can find great deals in Pune, which could be your second home. When you currently own a home and are looking to buy your second home, it increases your chances of getting more significant benefits, creates better opportunities, and it will be easier to get loans for other properties you wish to purchase.
Tax deductions:
Do you know, for now, owning a home has a benefit attached to it? So, if you buy your home under section 24 of the IT act, you can receive up to 2 lakhs of tax benefits. And if the investment is in a ready-to-move property, you can get up to 2 lakhs of tax benefits that ease your interest rate. Since you already have a home, a second home can give you a strong sense of security and many more advantages.
Risk-free and stable:
Do you ask what the most stable investment ground is? This is it. With the real estate market conditions, residential areas are known to be the most stable investment in the long run. One can always know they will be getting their returns sooner or later. There are a lot of chances for profit as property prices have dropped. Your second home can also serve you well when you become a landlord, and your property is for rent.
Attractive offers:
To attract buyers in the current market, developers are trying to offer maximum benefits to the consumers and other deals to increase sales acceleration and to portray their project as a consumer-oriented project. Deals like paying half the amount before the move and the other half after the move and other such deals make home buying appear favourable.
Satisfaction:
We all know the feeling of absolute bliss when we purchase something new. A sense of pride takes over! Just imagine how much owning a home would mean to you, a home you can call yours. Owning a home can not only give you satisfaction but is also considered to be a milestone in one’s life. It provides you with a sense of security, freedom, belongingness, and pride and assures happiness for you and your family.
Conclusion:
We hope we have given you enough benefits about why buying a home is the best investment asset in the longer run. If you want steady and better returns, investing in real estate is the best option. For instance, if you purchase a home that costs you 1 Cr. and you want to resale or rent the property shortly, then the current prices will witness a hike, impacting the reselling prices as well.
So, let us help you buy your dream home, your investment asset for the future.
Contact EstateMint today!
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