If you are thinking about investing your money in real estate but you aren’t quite convinced if it’s the right move for you or not, this is the article for you. We’re going to share some of the lifestyle advantages that come with owning a house outright as opposed to renting it. Here’s everything you need to know…
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1. Your money will be safer
When you rent a property, you’re generally paying off someone else’s mortgage. When you purchase a property outright on the other hand, you know exactly where your money is going.
Yes, you need to take your time and do the proper research to ensure that your property value has the best possible chance at appreciating, however, for the most part, buying property is a safe form of investment.
2. Total control
Buying a property means having full control over it. You don’t need to seek the landlord’s approval if you wish to redecorate and you won’t ever be faced with the prospect of having to move out against your will.
The same applies for having pets. It can be difficult to find an attractive rental property that allows pets – just as it’s highly expensive to have a pet and take it on your travels with you. However, when you purchase a property of your own, you can have as many pets your heart desires!
3. Putting down roots
If you are tired of moving from one rental property to the next and you are finally ready to put down some roots and start a family of your own, buying a property is the perfect way to settle down. The emotional security that comes with being a property owner far outweighs the uncertainty of being a tenant.
4. Visa privileges
Particularly if you want to move overseas and settle, investing in property is an effective way of getting your foot in the door and securing a long-term visa. Take the Thai Elite Visa as an example; by investing a significant amount of money into the country, you’ll be eligible for a long-term visa thus removing the stress and uncertainty of having to find an alternative.
If you are interested in exploring the kind of properties that are available to purchase in Thailand right now, there are some beautiful Anasiri Bangyai houses for sale that are worth a look!
5. Asset building
If you want to get on the property ladder and start building your own asset portfolio, property is a great place to start. For example, buying in Thailand will enable you to rent out your chosen units as holiday homes so that you can earn money via monthly income while also having a property that is (hopefully) appreciating in value.
Having several properties bringing you passive income each month is an attractive benefit indeed – and something that is impossible when you only rent.
The takeaway
These are only a small handful of the benefits that can come from investing your money in real estate – whether at home or overseas.
If you have significant savings that you want to put to good use, real estate is almost certainly worth researching further!
