My husband and I own rental properties, so this guest post caught my interest when I found it in my inbox. As of now, we only purchase homes within driving distance from our personal home, but in the future it would be adventurous to spread out a little. San Antonio is close enough to us that we visit there a few times a year, so why not invest in their real estate if the prices are right.
Don’t let past upheavals in the housing industry scare you off from investing. Real estate still remains one of the most rewarding and fulfilling investment opportunities available. While real estate is in general a good idea, being that people will always need houses, the specific place plays an important part as well. Sunny San Antonio, with its enviable climate, cultural offerings, and friendly residents, could easily be the perfect place for your next real estate investment.
Location Is Key
Going back to specifics, you always have to think about where you’re investing. Although you could invest in, say, San Francisco or New York City with success, those markets are tighter. NYC is expensive enough that it’s hard to find anyone to use your property, and while the same is true for hotspots like San Francisco, there’s also the factor of California’s fault lines and possible natural disasters.
In contrast, San Antonio is practically a foolproof location. It’s warm enough to appeal to snow birds or retirees fleeing cold winters, yet young and hip enough that it also appeals to residents in their 20s, 30s, and 40s. The place you choose to invest is an essential consideration, and San Antonio is likely to please you as an investor and a resident, not to mention any potential renters. Check out all the fun things there are to do in San Antonio.
You Have a Tangible Investment
Investing in stocks or bonds is certainly tempting, but that leaves too much up to chance. When you invest in real estate, you can see your investment. You can touch it, smell it (if you’re into that), and improve upon it. It will become a hot commodity for you and it’s practically guaranteed to bring in more income.
In fact, the potential for a high return is directly related to its tangibility. Especially if you choose a property or space you can rent out for the long-term, you will have money coming in regularly. You even have control over how much you earn, because with respect to negotiating and being open to your rental market, you control the rent.
It’s Guaranteed Retirement
Saving up for your retirement is difficult, simply because you’re sure you have time. As a result, it’s all too easy to spend any money you set back for your golden years. By investing in real estate, however, it all but forces you into saving for retirement. With the right planning, you can transfer all of your rental income into your retirement savings plan, or use the money to move into a comfortable, long-term residence such as The Forum at Rancho San Antonio. You’ll be taken care of, even if you find saving difficult.
You’re Promoting Diversity
Diversity is never a bad thing. It’s fantastic in life and it’s vital in your portfolio. You don’t have to give up your other investments, even if you have a taste for popular stocks or other assets. Adding real estate holdings to your portfolio actually lessens your overall risk. You have a decent chunk placed in a practically foolproof return, plus you’re enjoying a long-term return on your initial investment.
Just make sure you choose the right investment for your needs and skills, and think before choosing a residential property or a commercial leasing opportunity. Does San Antonio appeal to your investment urges?
Photo Credits: texascitymap.blogspot.com & www.thecalculatorsite.com
L. Robinson is a full-time writer with a degree in English and creative writing. She’s currently helping her parents plan for their retirement with a seaside rental, and loving every minute of it.