Today, properties are either priced too high or too far from the cities where businesses are booming. Since we are in an era where real properties are costlier than any other types of investment, this question arises—is it still practical to buy properties? The answer is yes. Buying real property is not an expense but an investment. The value of the real estate will continue to increase and if you think today is not the practical time to buy, when will it be? Will you let the prices hold you from starting your investing journey? Should this be an excuse so you can just spend your money carelessly?
Catch me in my live training events! (quick plug)
The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the trainings below.
If the price of properties is your excuse for not buying land or unit now, you will never have a great chance to start investing in real properties. The prices will get higher in the future, that’s why I always recommend that if you have the financial capability to buy now, do not postpone it. Do not wait for the price to double or triple before you decide that you want to invest in real estate. Do not waste time, remember that time increases the value of an investment and if you keep on scrapping it, you won’t have good timing.
A high price is not an issue. In fact, you can use this to your advantage by renting out your property or using it for capitalization. Even if you buy your property at a high price now, you can keep it and wait for the value to jump. In 10 to 20 years time, its value will double or triple depending on the status of the market and industry. You can either sell it when its worth doubles or hold it and benefit from the net income you are getting from it. The good thing about real estate is that it does not deteriorate easily. You can manage it for years without spending too much on maintenance and repairs.
Real estate is one of the best investments as it does not require too much technical knowledge like stocks. As long as you have the knowledge of how pricing works, you have a good grip of what’s happening in the market. High-priced properties should not hold you back from investing. It is a challenge, yes, but the fact that the value of properties increases as time passes by is your advantage already. You have to take risks during the initial decision-making process but once you acquired your property investment, the end goal is to profit from it as much as you can.