5 Reasons Investing In Real Estate is better than saving in Bank

5 Reasons Investing In Real Estate is better than saving in Bank

January 29, 2018, 1:06 am Blog Investment Tips Seen: 471
5 Reasons Investing In Real Estate is better than saving in Bank
The gains of real estate investment far outweigh that of saving in the bank for the following reasons:

1. Currency always diminish in value while real estate appreciates.
The purchasing power of money continually diminishes. However, real estate always appreciates. If you buy a plot of land in a good location, take effective possession and perfect necessary documentation today, in five years’ time, you can sell it for up to 10x or more of the price you bought it.

2. Return on savings is infinitesimal while returns on real estate investments are huge.
When you save your money in the bank or do a fixed deposit, your returns on investment are usually single digit per annum. Conversely, based on the rate of development in the area you purchase your landed property or building, the return on investment are often huge.

3. Your money in the bank simply makes the banker richer while your money in real estate makes you richer.
If you save money in the bank, the money will be used by the bank to give out loans and you will be paid an interest. The difference between the interest given by the customer who loans your money and the amount given to you is taken by the bank. Thus making the banker richer. On the other hand, when you invest in real estate, the difference between the price you bought the property and the price you are selling it is taken completely by you. Thus, making you richer.

4. Expenses always arise to deplete your savings but your property is always there appreciating in value.
When you have money saved in the bank, no matter how disciplined you are, there will always be expenses that will arise to deplete the savings. When you invest such funds into real estate, your cash is tied into an investment that will be appreciating in value.

5. None of the rich ascribe their success in gathering wealth to saving but most of them have impressive property portfolios more than 90% of them.
Surely, there is a real estate plan Land/House to get committed to, either on outright purchase, installment payment or by mortgage.

Visit Nigeria's leading Real Estate and Property Website www.realagent.com.ng to acquire your dream properties at your choice locations.
More from RealAgent Blog
Benefits of Posting your Properties on Internet

Benefits of Posting your Properties on Internet

5 Tips to Selling Your Home Faster and Better

5 Tips to Selling Your Home Faster and Better

5 Ways to Make Money in the Real Estate Industry

5 Ways to Make Money in the Real Estate Industry

5 Things to Know  when buying Your First Home

5 Things to Know when buying Your First Home

About the Author: Moses Onyebuchi
Moses Onyebuchi
Moses Onyebuchi
Blog comment

Engr P.C Njoku

What an interesting article. Thanks for sharing.

Résultats Locaux Pour Chiropracteur À Proximité De Paris…

Aw, this was an exceptionally nice post. Finding the time and actual effort to make a really good article… but what can I say… I \r\nprocrastinate a lot and never seem to get nearly anything done. https://www.youtube.com/watch?v=qZbDZcwDIxo
Drop a Reply
Your email address will not be published. Required fields are marked *