If you have a lot of spare cash lying around, you’re almost certainly looking for the best investment opportunities. Putting your money in property could be the best thing you ever do, and there are a number of reasons for that. Anyone who is less than convinced about the benefits should read the information listed below. Each bullet point details yet another good reason you should make the investment.
- 64% of Americans own their home. That means 36% of them don’t, and so they are forced to rent from private landlords. You could make a fortune by providing properties to that portion of the population.
- 1.2 million people bought brand new houses in 2014. That shows that the housing market is in full swing, even though the economy is still recovering. With such a thriving market, you can rest assured that you will not pay over the odds for the investment.
- The average price of new homes is $292.2k. So, you are going to need a significant amount if you want to purchase something off plan. However, most landlords start out with something less expensive.
- The most expensive place to live in the entire country is New York City. Buying property there will mean you make huge profits when renting them out. Just be aware that purchase prices are also very high.
In answering the question posed in the title of this post, you should buy property because there is money to be made. Just make sure you research thoroughly and refrain from rushing into anything.