Saving for the rainy day is a basic human instinct. Generally, people try to inculcate the habit of saving in their children right through their growing years. Thus, by the time the kids start earning, they are inclined towards putting aside a part of their earnings for future use.
Today, as people have become more literate and aware, they have realized that saving merely in the form of money in the bank is not enough. The growing economy offers a number of investment avenues through which their money can multiply at an amazing rate. One of these is investing in property. In fact, real estate investment is considered one of the safest investments in the world!
Usually, when people talk about buying property, they mean purchasing a house, villa or condo, etc. that they can live in or rent out. However, those who are seriously interested in making their assets grow by investing in real estate do not limit themselves to residential properties and put their money in commercial real estate as well. Commercial properties are the places or buildings that are meant to be used as workplaces. These can be a factory, shop, office, hotel/restaurant, business center, etc. Depending on your budget, you may buy an entire commercial building or just a single unit in it.
Investing in commercial property offers several advantages. The chief among them are –
* High income – Commercial properties may come at higher prices than residential units, but their rental values too tend to be significantly higher. The appreciation in the rents also happens at a better rate. Most commercial properties can be used by any sector of the economy. Therefore, down slide in a particular sector does not cause any loss to the owner.
* Long-term tenancy – Commercial places tend to be leased out for a longer time period than the residential properties. Businesses benefit by offering a stable and established location to its employees and customers/clients. Relocating too frequently is detrimental to their image and also causes considerable expenses. Thus, the owner of a commercial property is assured of long-term tenancy and regular income.
* Least maintenance headaches – As compared to individuals or families renting your residential property, businesses occupying your commercial space make fewer maintenance demands on you. Once you modify the place as per their requirements, you will not have hassle to keep the tenant satisfied.
* Excellent capital appreciation – Over the years, real estate has proven to be a more secure, stable and profitable investment avenue as compared to other options like the stock market. Commercial real estate particularly has shown tremendous appreciation in capital value.
Thus commercial property is something that would appeal to intelligent investors who are interested in a good, long-lasting income-producing asset.
Harji Realtors is one of the leading real estate agents in the region of Chandigarh, Mohali and Kharar. For more information on great deals in Sunny Enclave and the best Sunny Enclave Plots check out our website