The unprecedented COVID-19 has urged homebuyers to consider real estate as a safe bet of investment. The guaranteed rental income or staying in your own house with capital appreciation on property investment surely makes a valuable investment for the smart home buyers. To grab this opportunity, one should invest in 1BHK by Fortune Infra Developers.

It’s a big puzzle and confusing state when the matter comes to investments. Everyone thinks where to invest their hard-earned money which will grow their wealth as well as a good return on investment. Well, smart investment is something which will increase and grow your wealth. This is the basic thumb rule and all agree to it. Before moving forward, think how can you make a difference with your own effort, homework and right initiative?

When we talk about older generations, they always prioritized creating wealth with a great sense of safety and comfort. Buying a house or residential property when young always used to be considered as the right time to invest. As a result, they invested most of their earnings in repayment of loans but ensured their family and children’s future security. They also used to invest in PPF, FDs, regular FDs, EPFs and so on. Out of these, fixed deposits (FDs) are the most trusted product for senior citizens, many of whom derive almost their entire post-retirement income from FD investments. First, let’s talk about FDs and how should you perceive FDs?

Fixed Deposits (FDs) are absolutely one of the safest ways where you can invest and grow your money but you should not ignore one factor in this equation i.e. INFLATION. Interest rates are not so great and it’s falling day by day. This means that FD interest rates will not always beat inflation. Somewhat, it will only be close to inflation rates. As a result, this is certainly not the only way to secure and grow your wealth. You can probably allocate 15-20% of your earnings towards a Fixed Deposit which will come in handy as per emergency or education, some future goal and so on. The rest of your income should be invested in diverse avenues including Mutual funds, equity/debt instruments (with adequate research and the right advice), insurance and most importantly, real estate.

Real Estate Investments Can Be Smart Investments and Moves for Young Earners

If you are wondering whether investing in real estate or buying residential property will be a smart move, especially when you’re young, earning well and shifting away from the perception of homeownership since you’ve already got home (or even two) bequeathed to you by your parents? Well, the fact is, this is the right decision and smart move to invest in real estate and buy your own home and secure your future. If done right, real estate purchases can be smart moves and they can be a good source of fabulous wealth creation over the long haul.

Real estate market goes through many fluctuations but you need to be patient and think from a longer perspective. Your investment will start showing the fruitful result and you will get excellent returns after investment. If you consider the return on investment from real estate view, it is a whopping 800% and slightly more. If you sell your residential property if needed, it will only give a huge return on investment. Consider buying your own budget home by following a few basic thumb rules:

• Try to invest in real estate as early as possible.
• Invest in starter homes as these are good investments for wealth creation.
• Rental income is a big help and support so you can consider investing in real estate for earning rental income. This income will be an additional income once your EMIs are paid off.
• The Government has also waived off taxation on the assumption of rental income on a self-occupied second home.
• Tax deduction threshold has been raised to Rs. 2.4 lakh from Rs. 1.8 lakh on rental income.
• You can easily invest in an affordable/mid-income property and get the benefits of lower GST and tax savings at the same time (on principal and interest repayments).
• Some years down the line, when your starter home has appreciated handsomely, you can use it to keep earning steady rental income or use the proceeds from selling it to buy a bigger and richer apartment.
• You should do your research based on prices, surroundings, locations and future development of the property. Sort out the down payment options and home loan process with the help of advisors.

THE TAKEAWAY

The crucial thought before making any investment is to assess your goals as an investor. If you want to grow your wealth with a surprising return on investment real estate investment is the right way to go. Investing a major part of the amount in real estate will help not only help you get a good appreciation for the long term; you can also earn rental income along with home loan tax benefits. Fixed deposits are good for accomplishing mid-term goals and safe wealth creation for a smaller part of your amount. They will not help you beat inflation. If you want to secure your financial future, then plan and invest in such a way that increases your wealth. The investment market in India is diverse, so invest for life, invest in residential property. Book your budget home today in the heart of Mumbai i.e. Neral and explore your freedom. Feel the difference and enjoy your dream home as per your pocket. Visit our website today @ www.fortuneinfradevelopers.com or call us on 9594900010. Stay tuned for more updates