"Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth." – Theodore Roosevelt
We may all know that real estate is an ideal investment. But did you also know that it is advisable to invest in a property in your 20s? Whether you realize it or not, there will always be a beauty when you start the investment in your younger years. Perhaps, some of you here may be wondering what and how a twenty-something homebuyer can afford to buy a home unless he/she is born rich.
But who says you can't think about your future because you are still young? No one, right? Whether you plan to invest in a condo in Alabang for sale or any real estate in the Philippines, you would achieve a desirable amount if you are just serious about your investment. Below, we list down some reasons as to why purchasing a property is an ideal investment in your 20s.
You will have more freedom
Let's face it! This is one of the most common reasons as to why more and more young adults are investing in a real estate – they have their freedom. Perhaps, you can decide to share your home with another person, be it a family member or a friend. And of course, you can do whatever you want at home. Well, you just have to make sure you don't abuse that freedom of yours.
You will pay off your housing loan faster
Since you are now independent enough to own a home, chances are, you will be getting a 25-year or more mortgage. But one thing is for sure; you don't want to pay housing loans after reaching your retirement age. Right? And since you have all the time and energy, you can pay your loans faster.
You will feel more like a grown-up
Did you know that owning a property makes you independent? Since you are on your own, you should act like how matured people would do. That means you have to think about the groceries, bills, monthly dues, and other fees that you need to pay. After all, you can enjoy your life while reaping the fruits of your labor.
You will have a potential income
Purchasing a real estate is not just about owning a home. You can make it as one of your generating income. For instance, if your boss assigned you to the different location, then you can rent out your home. This is one way you will get an extra income without sweating a lot.
You will be a legit homeowner
This is one of the advantages and reasons as to why you should purchase a property in your 20s. You can say that you are a homeowner and you can be proud of it. That only means you are a step closer to building your bright future.
You will learn a lot
Of course, this is one thing you can get when you own a home – you will learn a lot from your experiences. From the moment you search a property online unto how you manage to pay your bills is the best experience you will learn in your life. And when the time comes that someone is going to ask about how you did all of your hard work, you can tell them all the things you've experience.
See? Investing in a real estate is not just about owning a dream home – it is beyond what you think it is. Forget about your second thoughts and own now that property of your dreams.