Investment property insights
When looking to the future and putting your money into fixed assets, property is the way to go. Even during trying economic times, having property on your name ensures you have substantial assets to fall back on. We explore why investing in real estate is the smart move in the coming years. Aska Property Group are seasoned professionals in the art of creating and identifying investment opportunities in real estate. Discover how you can capitalise on property developments to begin your journey to asset wealth.
Developed land is a commodity
The more a government invests in the development of municipalities and the upkeep of sought-after areas, the higher the chances of lucrative property developments. As a real estate investor, you should look for new or popular suburbs that are in the highest demand. Ask yourself what South Africans are looking for when it comes to housing and gear your money towards that. Safety, security, convenience and accessibility to amenities are stand-out necessities on the list. Developed suburbs will always have the upper hand over outlying areas without such infrastructure. This is where Aska Property Group has thrived and been able to offer expert advice. Our developed suburbs and finished houses boast exceptional resale values when looking at investment potential.
The ability to provide a safe haven for families, businesses or schools to thrive is what makes a suburb great. Communities work better and property prices thrive in healthy, secure neighbourhoods. Aska Property Group has identified and partnered with amazing suburbs on the Western Seaboard to bring you an endless array of property investment opportunities. No matter if you're looking to buy office space or residential homes, you will find it in one of the developed suburbs on offer.
Why you should invest in property in 2024
Consider how much you will benefit from future value appreciation. With an evolving real estate market, you can rely on trends and indicators to steer you in the right direction. Any financially savvy expert would advise you to think about property as your first choice when looking for assets to divide your money into. The added need for housing coupled with an increasing population rate means that property will always be in demand. Supply, however might not be. Grabbing prime real estate will not get cheaper as the years pass by and elite areas will continue to raise prices to maintain exclusivity. You can list your investment for double or more when you decide to sell in a few years time. Think of it as the easiest way to build equity over time.
What about the costs?!
If you are hesitating to invest in property because of the potential pitfalls of hidden costs, remember the reward of having a property pay for itself. Renting out your investment property is the way to go when you need to cover your overheads. You can also consult a tax accountant to help you understand the benefits you receive from being a property owner. You may be eligible for property tax deductions, mortgage interest deductions, depreciation allowances and more.
Remember the rising need for rentals year after year and cement yourself in that market with a property in a developed estate. You can receive a steady income from rentals and it can help you gain more financial stability than ever before.
Diversify your investment portfolio
Real estate can add to your assets outside of things such as stocks, depreciating assets and trusts. It can provide a solid foundation for your portfolio to expand, especially as remote working continues to rise and more people are looking to find a home or mixed-use space that can be comfortable for them. 2024 promises a wealth of exploration into what the property investment market can become. With exciting government infrastructure set to take place in major cities across the country, now is the time to invest in a developed suburb. Contact one of our trusted property practitioners today and view our listings.
20 Mar 2024
Author Aska Property Group