Owning your own property is everyone’s dream. Being able to live in your own house decorating, painting and designing it the way you want is nice. But the question is, are houses a good investment? Well firstly we have to understand what a good investment is. It is something that brings money into your pocket. Therefore, this article is going to answer this question in two sections. A house is a good investment and at the same time it is not a good investment if you understand the reasons below.
A good investment should be something brings in the money for you just like Sites de casino en ligne. But are the houses we are living in really making money for us? Not quite because:
Take money from us
We agreed that a good investment is that which puts money in your pocket right! Well does your personal house do so? Instead, you take out money from your pocket from time to time to maintain the house. Not only that you also get to pay for monthly bills, insurance and all the taxes.
They depreciate with time
With time, the house depreciates value comparing to the time you bought it. You now need to renovate and do some changes and the money you are using is yours. Even if you sell it for twice the money, you bought it for. It is still not an investment because remember you were paying and maintaining the house all along. You just got your money back you did not make a profit.
However if you do not make your house your primary residence it will be an investment. Here is why
You buy your house and you rent it out as offices or something. Now that is an investment. You are not taking care of the bills; you are not maintaining anything. The people renting will be paying the bills and paying you rent from time to time for using your property. It’s bringing in money not taking it out of your pocket which is what an investment should do.
Houses can be a good investment and at the same time they are not a good investment depending on how you are using the house. However, it is a great achievement to own one. Talking about owning a house, you can get money quickly and get your own house by gambling at online casino games for real money. Gambling at online casinos increases your bankroll and you can get your own house in no time.