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July 2019 - Troika

July 2019 - Troika

THE NEW REALITY OF REAL ESTATE INVESTMENT

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If there’s one rule to financial success, it’s invest early and invest often. While most would assume that means putting funds into a 401K or stock, today’s reality paints a very different picture as to what investment means. Young, old, single, or married, people have recognized that real estate is king, and that your greatest return doesn’t just come down to the dollars and cents alone. It’s about finding a home that fits your needs now and the future that warrants it valuable.

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KELOWNA NOW: SHOULD YOU PURCHASE A NEW CONSTRUCTION HOME AS A RENTAL?

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Rental properties can provide a lot of benefits. Sure, it takes some work to maintain the home and handle tenants, but the extra work is usually worth it.

There are some factors to keep in mind while you’re researching the real estate market. Are you willing to pay the speculation and vacancy tax to get into certain regions in the instance that you’re not able to fill the rental right away? What size of house would renters be looking for? How much can you afford? The list goes on.

If you’re not sure about buying a new or used home, this list of benefits to owning a newly constructed home may help! Always do your research before investing into real estate. Talk to specialists and be sure to figure out your budget.

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