Rental profitability is not the only criterion for a long-term rental investment. We must also take into account the rental potential, the resale of housing. It’s a performance that varies from one surface to another. To evaluate the opportunity of a real estate purchase with a view to its rental, some variables are to be studied. If you are interested in having more information about properties and houses to buy, you can visit www.for-sale.com/; a specialized credible website in properties for sale.
What is your situation and what are your motivations?
The question of investing or acquiring your principal residence in the first place does not find an absolute answer suitable for everyone; it is a question of studying your situation and your own motivations to be able to decide this question. If you are single and can still afford to live with your parents, the investment can be a good solution at first. On the other hand, if you already have children and want to secure your situation, perhaps it would be safer to buy your primary residence directly.
Buying your principal residence first values your wealth
Being the owner of your home allows you to dispose of it freely, to carry out the works that you wish, to arrange it as you wish and to start to build up a patrimony. Similarly, it is generally accepted that in large cities, rents are often higher than the amount of monthly payments when taking out a loan, which means that the financial effort you provide will be lower compared to location, location and equal area.
Buying to rent allows you to make a contribution
Making a rental investment as a first purchase has advantages, including the ability to, in the long term, make a contribution to buy your main home later, saving the rents you have received. If you cannot afford to buy a home for yourself, the bank will give you a credit for a rental investment because you will receive the rent at the same time as you repay the credit. will make the financial effort painless.
Choose the location of your home very meticulously!
The rental investment is an operation that can be very interesting, provided that you choose a comfortable accommodation in a popular place. Similarly, the work is the responsibility of the owner, it is to have a comfortable home that does not require too much work. Thus, you can either invest in old housing that you will restore and that will be ideally located downtown, a new housing that will remain long in good condition but which will be more eccentric.