May 10
30
Better Control Over Your Investment – Property or Stocks?
Let’s look at investment from a different angle.
Assuming you bought $10,000 worth of stocks, would you be able to increase your stocks’ investment value by improving the company and it’s profitability? I bet you couldn’t. Even if you can, it won’t be that easy to accomplish.
Alternatively, a $10,000 investment on a property is different. Since where are they properties sold at $10,000 nowadays? Get a 90% bank loan and you can afford a $100,000 property! Also, do not forget that there are properties that are below market price or also known as wholesale price. Imagine if you could find a property costing $100,000 and $10,000 below market price. You’ve already earned $10,000 the moment you buy that property.
Of course, you’re not gonna let that be your only profit. How to further increase your property value? Easy, you decorate it. Adding carpet or tiles and a high quality paintwork to your property or just cleaning it can bring surprising results.
A tastefully done renovation will further boost to the property value. This has been personally experienced. The $110,000 property could transform into a $125,000 to $130,000 with just the tiniest of efforts.