Real estate for retirement planning could be a boon that you have been neglecting due to other sources of income after you retire but, trust us – investing in real estate for retirement income is a wonderful way to generate a steady money flow and it will appreciate multi-folds in years to come.
Invest for cash flow – financial advisors swear by a simple principle that your investment must generate cash flow for after you retire. If the cash flow isn’t there, you might not be able to afford day-to-day expenses and contingency situations. Rental income from real estate could be that steady source to live a life of fulfillment even after your retirement.
Start Early – Being an early riser when it comes to retirement planning could do wonders as it gives you more control over debt to be covered, you get longer time span for installments. If you have just started a job, look for the real estate investment avenues close by and invest as soon as you have a decent sum. At this point in time, the liabilities are almost negligible, family duties are not there and you are in your prime.
Have a Keen Eye for Assured Rental Properties – Though it is a trend now to offer rental assurance to boost sales however, you can always make an educated decision by measuring the neighborhood, the class of people living in the locality, kind of schools, markets, parks and healthcare institutions. If these things are well defined, your investment is surely going to give strong rentals for the times to come.
P.S. Before thinking about investing in real estate for retirement planning make sure to invest in properties offered by a reputed builder to ensure timely maintenance and impeccable condition of the property.
Invest in Vacation Properties – In past few years it was a huge trend in the US to invest in one or two villas in a resort and then enjoy the returns and holiday perks offered by the promoters. In India this is a relatively new trend but, it is going to stay as number of luxury vacation properties are popping up in fair numbers and people are more open to travel more than ever.
Improvise – Like any other investment, investing in real estate might not yield profits. Sometimes a property might not turn out to be as lucrative or as rent yielding as it sounded before. In such cases, be ready to sell the property, sometimes at a discount, and reinvest it somewhere else. Being ready to improvise on your investment strategy will go a long way in planning your early retirement income.
Sankalp Group offers luxury apartments with assured monthly rentals. Investing in one of these properties could add great value to your retirement planning. Explore our properties here.
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