3 Reasons To Invest In A Flat in 2020

10 years ago who could have imagined that an online marketplace that connects homeowners with people looking for short-term accommodations in that particular locality would be valued at $60 billion?

Airbnb has shown the world that a crisis-born start-up can turn out into something huge if the investment area is right and far-sighted. So, what are you thinking? This is the time to invest in a flat near the airport you always thought of buying. This one decision of investment can give you manifold returns in the future. Well, we aren’t giving away just a suggestion, we have some reason to back it up, have a look at them!

#Reason 1: Rental Income Is Increasing: In present times, companies like Airbnb and Oyo provide home-owners with an option to generate rental income without any hassles. Apart from this source, homeowners can always give their flat on rent to a permanent tenant and get fixed returns that are ever-increasing!

#Reason 2: Ready To Move In Flats: Nowadays, flats in societies and residential complexes are constructed with all fittings and fixtures in place. They are designed by qualified interior designers and have everything a homeowner would require. This was not the case back then in the early years of 2000. So, while a flat will continue to remain a long term investment, you can use it for personal use without any hassles immediately on the purchase!     

#Reason 3: Fall In Home Loan Interest Rates: All major banks and financial service providers have cut their interest rates in the year 2020. Investment in flats at this point will give higher ROI due to less interest rate. A banker working at a famous bank at RIICO Industrial plots in Jaipur recently said “While investment in flats was already considered the best option, fall in interest rates is another major reason why it becomes more attractive in 2020.”

#Reason 4: Rise In Value: While rental income can fulfill short-term financial requirements, ROI at the time of selling a property can be the real game-changer. In the last 20 years, the value of the property, specifically flats, has increased manifolds. The same is expected in the coming years. If you miss out this time, you are putting yourself on the back-foot in times of gain!

What are you waiting for now? Go on and look-out for the best flats in good localities for gaining high ROI in the future. All the best!