A regular monthly income or chances of a bigger investment, what will you prefer? Well, common sense directs us towards a regular monthly income that promises a secured future. This is possible if you have a rental property in your name. It takes years for a person to buy a house then how can he plan another property investment? It is tough but possible.
First of all one should be futuristic in his or her approach. If investment is on cards then one should constantly endeavor to cut down expenses and increase income. It is advised that one fourth of your earning should be kept aside for investment purposes. Also a recurring scheme or savings plan with any of the nationalized or private banks is equally beneficial. If you are unable to save a good share of your earnings for investment due to your other priorities then don’t be disheartened, there is always a better way. For example if you have a life insurance cover then you can take a loan against it and invest the money in buying rental property. Even if you take loan for buying property for rental purposes, later you can pay the rent collected from the tenant as monthly installments to the bank for few years. Similarly there are many ways to save for investment without disturbing your present financial planning.
When you are stable on the financial front then the next thing to decide is the location. The real estate prices are rising day by day. Every place promises best of return on investment but still we often get misguided. Sometimes being judgmental also affects your decision and leaves you in a state of dilemma. Time and again we have mentioned about the sub-urban areas and their growing demand in the country. Among them Gurgaon tops the chart. It will not be wrong if we call it the goldmine of the real estate industry at present. The hub of information technology firms, favorite excursion spot of the generation next and luxurious living are some words which aptly define the place. Renting a flat in Gurgaon brings best returns on property investment. A property on rent in Gurgaon is in trend. There are many rental properties in Gurgaon. Therefore, we advise you purchase property in Gurgaon. You will get both residential property and commercial property. Don’t confuse between any because it is a win-win deal.
Once you are firm and determined about the above said points, we believe that no one can stop you from earning revenues. Other factors that you need to consider are legal formalities, price negotiation, finding the right tenant and many other such tasks. Also don’t forget to take an expert advice and consultation. Remember that property investment is an investment with value addition and rental property is return on investment on a monthly basis.
Coming back to our question from where we started the discussion, “A regular monthly income or chances of a bigger investment?” After analysis and understanding of the above said points we are sure that you must have got the answer. A regular monthly income is definitely a safe and sound option. It guarantees financial security and fruitful returns. And for generating a one such source of income we must think about investing in a rental property. Undoubtedly, renting is the new word for return on investment.
Source:http://www.amazines.com/article_detail.cfm/5848591?articleid=5848591
