Long Term Short In Real Estate Business
Real Estate business is generally a long term investment. The growth of the economy and consumers’ confidence increases with the rising prices of houses and vice versa. The business of real estate is the biggest industry in America. In 2018 its share was six percent of the US Gross domestic product. Real Estate business provides millions of people with houses and is the largest source of wealth creation. Property business helps in providing employment for millions of people. The value of your property increases over time and thus it requires a lot of patience says Hirsh Mohindra . Before buying a piece of land quality of the neighborhood must be taken into account besides other factors. The value of different properties depends upon the economic conditions of the area you are investing and availability of mortgage funds. Prospects of the area is also of prime consideration. Lot of research is mandatory before buying a property. Always select a low cost house. A...