Are you in your mid-20s and looking to make an investment in real estate?
Yes, then you have made the right choice!
No? Read on to know as to why you should.
Millennials looking to make an investment are often told to be wary of real estate. This thought process needs to be changed and is changing with time. Now-a-days, more and more young people are looking to buy a property early in their life.
But, this thought process will be surrounded by a cloud of doubt : to invest in real estate vs mutual funds OR to invest in real estate vs stock market.
Having such a doubt is quite natural. With plenty of information readily available online, and millennials being a dominating part of the population, have the potential to change the investment market.
Here are some of the reasons as to why should invest in Real Estate early.
The younger generation have their priorities set upfront. They want the best of properties and amenities at an affordable price. Most builders have taken up this as a challenge and have started offering affordable housing options. The properties coming up these days offer spacious homes with the best of amenities, targeting the millennial population specifically. This is one of the major factors contributing to the younger generation moving towards real estate investment.
#2. Lower Risk
As discussed earlier, millennials are always debating between investing in real estate vs mutual funds. Buying your dream home will be a difficult decision, and you need to weigh in all the options and risks associated with it, before diving in. However, with the current market trends, investing in real estate will seem the most logical choice. High appreciation and returns in the real estate market have prompted this shift in choice.
Newly launched projects by reputed builders help them make this decision of property buying. These projects promise high returns in a upcoming locality and can be got at discounted prices, if purchased at launch.
Technology has evolved leaps and bounds over the last decade. The younger generation is now very adept at making full use of the internet. With the advent of social media, the millennial crowd has become for tech-savvy.
Now, if you need to the help of a property consultant to help you with your dream home search, a simple Google search like “best property consultants in bangalore” OR “property advisor bangalore” , will give you a list of property advisors in and around your area.
There is a plethora of information up for grabs on the internet, and it is getting better everyday. The information available online gets updated regularly. This has made the online search more credible, transparent and detailed. Gone are the days when you would have to depend on a property broker for details and rely on him to close the deal for you.
There is a huge list of real estate websites in India offering information. Numerous online portals like magicbricks, commonfloor and quickr homes have large number of properties listed on their website along with high resolution images of the same. The floor plan, amenities, costing and other details have been clearly mentioned on these portals.
Over the years, builders have started incorporating technology into their construction as well. 360 degree views, virtual tours of the flats give customers the feeling of being physically present at the site, while seated in the comfort of their homes.
#4. Safeguarding your future
Investing in a house is an indirect way of making your future secure. The appreciation may be slow, but if it is a steady growth, then you have nothing to worry about. Thankfully, the millennials have a good understanding of this and are showing increased interest in real estate investment. It is the most effective form of saving , that will fetch returns over the years and will be your saving grace in desperate times. Apart from this, being a homeowner gives you a sense of pride and emotional stability to you and your family.
We can safely conclude that now is the best time to invest in real estate. We, at Viluva , understand the pulse of the millennial generation and will be happy to assist you in searching for your dream home. We are the authorised real estate marketing partners for numerous reputed builders. So, if you have any query or looking to make an investment, do not hesitate to get in touch here.