The Canadian Real Estate Market is Not Dead!
Why Property Investment Even Today is Your
Best Option.
With the collapse of many markets, there has
been a lot of misinformation regarding real estate investment. Unlike what
people believe, even today real estate gets you among the highest return on your
investment as it is based on leverage and just requires increasing its value in
small amounts to capitulate a higher profit as compared to other investments including
stocks. Canada, as one of the leaders in economic recovery globally, is in a unique
place to provide sale land at low cost as it enjoys good economic recovery. Other
than that the huge rural area here offers a chance to invest in open land. The
land is vacant property and generally without any construction.
There are a number of advantages of buying
vacant land including the decision to construct a home or a commercial building
where you don’t have to spend cash on repairing the existing building,
constructing when you are ready, potential tax breaks and lower upfront cost.
Sometimes you can even get the land rezoned to better the ROI. Mentioned here
are examples showcasing how these advantages work for you.
●
When you construct a customized
structure, it allows you to include features you wish without any restriction
of design and layout. You can also select the building contractor which finally
determines the structural reliability of the building for future.
●
It can be costly to repair an
existing structure especially if there are hidden damages. You may have to replace
old gadgets, remodel and replace items such as foundation or roof. They are all
possible when you purchase a pre-owned house.
●
You have the freedom to construct
when you are positioned better financially to make all you want. On the other
hand you acquire the property with no cost on upkeep of the existing structure.
●
The mortgage and down payment
is more affordable as open land is cheaper. It is more reasonable to make a 20
percent down payment for a piece of land costing $50,000 as compared to the same
percentage on a property worth $200,000. In case you need to pay half of the
cost of the property up front, even then it will be less than the amount of 20
percent for a $200,000 building.
●
Tax breaks don’t apply to all
who buy vacant land, but in case there are business expenses connected to even
a portion of the property you can withhold them.
Making an investment in real estate is one of
the best decisions and being able to understand the elements is a reliable way
to success. You may be looking for residential or commercial property; there
are plenty of acreages for sale all over Canada. You will find one that suits
your requirements as a property owner as well as an investor.
