Real estate is generally an ideal investment option. It can be a good long term investment by choosing the perfect location when purchasing your unit to guarantee that its value increases over time. You may even use it as a part of your overall strategy to begin building wealth. At Aknan, we guarantee your real estate investment as we select our locations carefully in the highly demanded areas in new cities. Check our projects.
If the house is held for less than three years prior to its sale, it is termed as a short-term capital asset and any gain arising from the sale is treated as a short-term capital gain. However, if the property is sold after holding it for more than three years, it is treated as a long-term capital asset and the gain arising from it is called the long-term capital gain.
YES! As it will help you understand exactly how much you can afford.
Buying a home is better than renting for many reasons, when you pay your house off, you own an asset outright, which you can live in, as well you remove the threat of landlord changes, lease termination, and rent spikes. In addition to the possibility of renting it out and generating a good monthly income stream. On the contrary, when you rent a home, you pay for a property you don’t own, and you don’t build equity. So your money will never get back.