Investing In Real Estate
So you've been saving for years and have finally been able to put away enough of your hard-earned income for a big fat piggy bank that you hope will tide you over until your old age. You know that you will have to invest wisely. The thing you ask yourself now is what should you be investing in?
Certainly, there are a range of options out there, including bank tools such as savings and time deposits that offer low yield but are the surest thing around. Next to these would be trust bonds and equities which also have a relatively low rate of return but good security.
Both of them are solid investments that would appeal greatly to the prudent soul. If you are on the other end of the spectrum and have an adventurous streak, then you'll probably be more attracted to stocks. Investing in stocks can make you a millionaire in a short period of time or make you lose the shirt off your back overnight. Just imagine the risks of investing in stocks. For example, if the technology company you invested in produced one major product that became obsolete overnight because of advancements in competitor's technology, then you might want to kiss that company and your investment goodbye. Chances are, you could both be bankrupt by morning.
Of course, what you want is an investment option that carries great potential and very manageable risks. The answer is clearly property investment.
I invested in two beautiful waterfront properties two years ago. My first property, which I bought in Falmouth 18 months ago, increased in value by in that time. The second property, a South Florida house which I invested in eight months ago, doubled in value.
The other thing I absolutely love about real estate investment is that you can control the destiny of your investment, unlike other investment areas where you throw in your money and hope for the best. In real estate, if you work hard and pay close attention to the market, you can hardly go wrong. For example, if you take the time to upgrade a house that you've invested in - upgrade the front yard and other exteriors as well as the inside of the house - you would already have raised the value of your investment.
Jonathon Hardcastle writes articles on many topics including Investing, Business, and Employment
Article Source: ArticlesBase.com - Investing In Real Estate