People often get confused with the increased property prices. They want to buy the property but they end up with a dilemma because buying the property they like with low fund is not possible. To make investing easier property valuers Brisbane suggest the new tactic to invest in properties it is – ‘Rent-vesting’.
The concept of rent-vesting is quite simple – “It is buying a property which suits your pocket and choose to live in a property as a renter which you like.” This resolves the issue, especially for youngsters, which makes their buying and investing in real estate properties easier.
For instance – you can buy a home of worth rupees $ X so you buy that home. But you want to live in a property which cost $ Y, thus you can live there as a tenant which even fulfils your wish and won’t hurt your pocket. Note – Here Y>X.
Thus this seems a perfect solution for those who want to buy the property but in dilemma cause of increased property prices.
Well, everything comes with its pros and cons.
The very first advantage of rent-vesting is – it grants you the opportunity to live where ever you want. If you want to live near the market, beach, or the place near to your office or your kid’s school you can live in a house where you can pay the rent.
In rent-vesting you can buy the property which you can afford and live in the property which you like. If you can’t buy the property you like you can live there as a tenant because you like the property. And invest your money in real estate which you can afford. Buying and renting out your investment property which suits your pocket is a nice idea as the rental income will help you to pay your loan repayments and with the left money, you can pay other loan payments. Thus you can earn more through rentvesting.
The disadvantages of rentvesting are you are buying an investment property first and even owning the property you still living in a rental property as a tenant where you can’t make any amendment according to your wish. Even finding the ‘Good tenants’ for your investment property seems a big task, and believe us – it is.
Many people don’t like the concept of buying an investment property first. As for people buying their own home is the first step to enter into the property world.
These are the reason why you should go for rentvesting or not. There is no thumb rule to follow or no one rule which suits everyone.
Better to hire a property valuer brisbane and get the best services as per your requirement, financial status and property market conditions.
Their experience will help the first time home buyers and naive investors a lot. Even experienced investor must take advice from property experts before making any property transactions.
For right, real-time property valuation services contact property valuations Brisbane,