Second Homes / Vacation Homes As An Investment
Investment in real estate in any form is always profitable as it provides assured income via rentals and an increase in capital value. A second home can be a great place to spend recreational time and in most of the cases, it is the primary agenda behind the investment in this asset. You can rent out your second home to gain a return on your investment or you can sell the property to take advantage of increased market appreciation.
Real estate investment is always a good option as compared to gold or market because any investment requires patience and discipline to get good returns on Investment (ROI),
this is an option where there is appreciation in price with respect to time and even many big mutual fund houses are investing in real estate for better return option.
Real estate is always on BOOM, is it true?
well, 100%
how?
any property you bought 10 years back, is still on the same Price, and I am sure your answer would be NO,
Here you got your answer.
Now the question arises which is the best city to Invest, and my answer is very Straight forward, anywhere around Investment capital of India i.e Mumbai.
Now for many MUMBAI is too costly to afford,
thus surrounding areas of Mumbai would be the best option.
Karjat is such an option which suits best to the above-mentioned case and there are many properties available there, one of such project where I myself had
invested is Sanskruti resort home, the best part of it is :
1. Underdeveloped areas which have a scope of development in terms of population, economy, as well as local infrastructure, provides low rates and various
financial benefits. The demand for realty in developing areas increases throughout time so does their rates. You can buy a second home in such areas at
low rates and take advantage of increasing realty rates.
2. Investing in a second home through a home loan will help you avail a tax benefit. The interest you pay on a home loan gets a 100% exemption from tax.
In other words either you pay the tax or the interest of the home loan, meaning the discharge of money inevitable. Then why not turn this discharge of
money into an investment.
3. For those who have bought a second home in full payment or after the completion of home loan, you can avail tax benefit on repairs & maintenance.
A whole 30% can be deducted from your payable tax on account of repairs & maintenance charges.
4. Second homes are a vital source of income to be utilized after retirement. Turning it into a steady stream of income will provide you the essential
financial freedom that is required after the retirement.
5. The best option is Apart from fixed income You can get complete peace of mind and good family time.
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