Second Home, Best Investment for Future
Bangalore: Investing in property gives good returns over the time. From an investment viewpoint, preferably, it is better to invest in another property which in future may give you relief from financial burden.
Also, property can be good source of income if planned carefully. In real estate market, time plays an important role. There are home buyers, who keep on waiting for the price corrections and for interest rates to drop, consequently missing out chances to buy property at right time, reports TNN.
"Those who invest in realty should have a longer period of time to enjoy the benefits of appreciation, as this is a long-term game. One should not expect miracles in short span. It wouldn't make any sense for a 60-year-old to invest in a property to earn rental income as real rate of return would not be profitable," said Devinder Gupta, the MD of Century 21 DGS, reports Economic Times.