Make more money using the financial power of your property

Summary: Buying property has become easy with instant Home Loans. Let's explore a few ways to make money from your real estate investment and help build a secure future.

27 Mar 2023 by Team FinFIRST

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When it comes to real estate, the ball is usually in the buyer's court - if played well.

While buying a real estate property has become seamless with instant Home Loans, real estate also provides an opportunity to earn on an investment.

Let's understand how exactly you can leverage its financial power.

· Income from rent

Real estate is a great tool to generate a regular income in the form of rent from both residential and commercial properties. Furthermore, this rent amount is hiked each year due to inflation. You can cover all the expenses related to your investment property, such as maintenance, repairs, property tax, etc., and it can even help offset a part of the mortgage payments. Over the long term, you could generate a substantial income that you can use to manage your monthly expenditure or save for the future.

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· Property appreciation

The one asset class that has stood the test of time is real estate. Stories of people buying a property for a few lakhs a couple of decades ago that are now worth crores are most likely true. Moreover, this is an investment you can actively benefit from and see appreciation in your capital investment. And since real estate is a scarce resource, with rising inflation and increasing population, the value of your property is bound to go up in the long run. Whenever you wish to sell, you can also take advantage of indexation benefits that can help reduce your capital gains tax.

· The right location

Location is everything in real estate investment. In fact, for the above two factors to be effective, the location of your property plays a crucial role. Whether you are looking to rent or sell after a few years, make sure to choose the right neighbourhood. Some factors to consider are connectivity to transit routes, schools, shopping malls, playgrounds, greenery, etc. Another factor that increases your property value is home improvements, developments, and overall maintenance. A well-kept property with contemporary aesthetics will always command a better price.

In conclusion

Real estate is an evergreen investment that can help generate passive income. It promises superlative capital appreciation that can build generational wealth. If you wish to invest in real estate, time is of the essence. The longer you wait, the more expensive your options become.

IDFC FIRST Bank's Instant Home Loan can help fast-track the process once you have zeroed in on the ideal investment. Take advantage of the quick and completely digitised application process through the IDFC FIRST Bank loan app that you can download. Benefit from attractive interest rates, higher loan eligibility, and waiver of home loan processing fees for repayments through an IDFC FIRST Bank account. Build your financial foundation with IDFC FIRST Bank today!

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.

The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirst.bank.in for latest updates.