Things to Know and Consider Before Investing in Real Estate
Real estate is one of the most popular investment avenues and has been so for a long time. This is because, as an asset class, real estate is both lucrative and quite safe. The value of real estate investment is not subject to as much fluctuation as stocks and shares. On the other hand, real-estate typically yields higher returns than fixed and recurring deposits. Real estate also provides the buyer with a tangible asset, which many people prefer over portfolio investments. Real estate can be of two different types: · Residential real estate: These can fall into different categories such as villas, flats, apartments, condominiums, mansions, etc. A residential property can belong to a single family or to multiple owners such as in the case of a multi-unit apartment building. This type of property is typically used for accommodation, be it by the owner himself or by a tenant renting the residence, and the property should have t...