Millennials Should Start Investing In Real Estate
Are you a millennial who is figuring out ways to grow your hard earned money and enjoy a cool lifestyle? Have you been wondering if you should start investing in real estate? Do you think it is the key to a better return value for millennials?
Remember that old notion, where buying a house was depicted as a mark of success? Well, turns out that owning a home, can also give you a sense of status amongst your peers as well as financial stability. Do you even need any more reasons to invest in real estate?
In case you aren’t convinced yet, here is a list of top 6 reasons why millennials should start investing in Real Estate.
No more Landlords!
Rent agreements, restrictions on friends coming over and that dreadful thought of having your deposit withheld. What else have you not gone through, while renting a place?
Well, own a home today, and free yourself from the hassle of the landlords. No more restrictions and boundaries! Buy, your home with easy EMIs and end this source of frustration.
Why pay rent?
Break yourself out of the trap of lease signing and increasing rent every year. Right here is your go-to place! Instead of paying the rent, pay the same as EMI for the home loan and see its value appreciate.
The more you search for branded clothes and a luxury outing to go to, the more you feel there exists a need for saving up money. Here is a long term plan for you.
To invest in real estate or find a Flat on rent in Ahmedabad is easy. But why pay rent to the landlord, when you can pay the same as EMI? Also, there are cities like, Mumbai, Bangalore, Chennai, etc. where the amount of rent and EMIs is same. Why not buy over rent?
Buy a 2/3/4 BHK home on EMI and own it yourself in a very short period.
Customization and designing!
A 2/3 BHK flat on rent comes with builder specifications. It is fun to move into and live. But, the problem comes when you need to customize your rented home to suit your needs. We wonder if any of you have lived through some of the horror stories that are heard out there. Stories where landlords have threatened to withhold deposits for minor alterations to the house.
Invest in real estate today. Buy a home to yourself and give it a personal touch of living. Make it your home!
Investing into your equity.
Investing in a car or a smartphone only depreciates. Whereas, when you invest in a property, land or a house, ROI is sure to increase. Do keep in mind that you will have to choose a reputable developer, good location and a clean deal.
You may rent your house whenever needed. Investing in real estate gives you a valuable asset to look forward to in the long term.
Tax exemption on home loans!
As a dynamic millennial, you might have a CTC that already falls into the taxation slot. Be it a 2BHK or 3BHK flat, a home loan will give you a definitive amount of exemption on the tax.
Also, there are various Government schemes like, Pradhan Mantri Awas Yojna, Pradhan Mantri Gramin Awas Yojna, etc to help you with financial aid.
Mindset and thoughtfulness for Millennials
Do you have commitment phobia? As a Gen Y, you do love the change in locations and ease of mobility. Well, look at this prospect of investing in real estate as a savings plan with greater benefits in the long term. With home to yourself, you will gain a deeper sense of understanding and maturity.
So, if you don’t want to take it as a mark of success as your elders say, consider it as a sense of stability and better planning.
Are you still wondering where to find the best and affordable housing options? Visit Pacifica Companies today. Own a 2/3/4 BHK home at Reflection and North Enclave in Ahmedabad. Also, we have affordable as well as luxurious projects around cities like, Chennai and Hyderabad. Own your own apartment at Hillcrest in Hyderabad and Happiness towers in Chennai. Grow you money as you invest with Pacifica companies..