The rising inflation is increasing the cost of living, and the value of goods is getting higher and higher. This is affecting not only commodities but properties, vehicles, and other goods too. During such time, saving your money in the bank or going for fixed deposits do not give you a quick return on investment. So what can you invest in? Today we will discuss why you should invest in properties.
Real estate properties include lands, houses, apartments, annexes, hotels, and resorts. The best thing about real estate is the value of these properties never depreciates. However, the more geographically closer to the towns, the pricier they get. As cities get more urbanized, and when the access roads are repaired, the value goes up. Suppose you were to buy land from an urban area for 10 lakhs, you will be able to sell the same land for 12 lakhs in a few months. What could be a better investment than this?
The possibilities for utilization are another reason for you to consider buying real estate. Buying land can give you a few options such as renting or leasing it, building a house and renting it, selling it, or even reselling the land. All of these options will give you a high return on investment.
Meanwhile, owning real estate properties can come in handy when you apply for a bank loan, as a property mortgage option. Banks highly consider real estate as mortgage property. You will be asked to do a valuation at the point of applying for a loan, and possession of such an appreciating asset can be very useful.
Why real estate over vehicles?
Vehicles are usually depreciating assets, however, the current economic situation and the import restrictions of Sri Lanka is having a major impact on rising vehicle prices. So you must be wondering, why not invest in vehicles to resell a month or two later? Here’s why. The fuel deficit, as well as the inflation are negatively impacting people’s interest to buy vehicles. Chances are, even if you buy a vehicle, you will not be able to sell it soon. Real estate on the other hand will always have high demand. Especially, houses are in high demand as the material and construction cost is higher, and lands around city areas are in high demand too.
You should also keep in mind that the values of real estate keep increasing every day. This means, longer your resell period is, the higher your profit will be. We cannot say the same about vehicles, as their prices can go down at any moment when the government lifts import restrictions.
How do I invest in real estate?
There are several ways you can look for investment opportunities to acquire real estate. First up, the easiest method, searching on ikman.lk. ikman is Sri Lanka’s largest online marketplace and it features more than 49,000 property ads. Anyone who wants to sell properties nowadays posts an ad on ikman. It’s fast, reliable, and easy. If you want to look for properties to buy, this is the ideal place. All you have to do is visit www.ikman.lk and select the type of property you’re looking for. You can even set the location you want to look for. From lands, houses, apartments to commercial properties, everything is here.
For those of you who have limited time to look for real estate yourself, you can also assign an agent to do so. Your agent can browse through these ads and contact the landlords and sellers for you. Keep in mind that getting an agent will cost you though, usually a percentage of the value of the property.
Also, for those who are not digitally native, there are still newspaper advertisements, but we strongly recommend you to take assistance from your loved ones and go digital. After all, browsing through thousands of ads manually with no categorization and filters is not easy!
What if I want to sell my real estate?
Simple. If you’re in need of selling your real estate, ikman can help you with that too. Visit ikman.lk on your browser or quickly launch the ikman app. Go to the post ad button, and follow the instructions. ikman is the easiest and the fastest method for you to sell your properties as it has a large number of unique visitors that keep increasing every day. Also, with the ad promotions to make your ad stand out, it’s even easier to sell to the right buyer! These ad promotions are namely Bump Up, Spotlight, Urgent, and Top Ad. Here’s a quick guide on what each of them will do.
Bump Up- Bump your ad to the top and get up to 10 times more views as compared to regular ads.
Top Ad- By adding a Top Ad promotion to your ad, you earn the chance for your ad to be displayed in one of the 2 Top Ad spots. You can gain up to 5 times or more views!
Spotlight- Showcase your high-value items in a large super-premium slot right at the top of the ad listings page.
Urgent- Apply the Urgent promotion to communicate your urgency to buyers who are looking for a great deal.
Real estate properties are a shortcut to earning a great profit with minimum effort. While the other investment options are slipping away from us, if you can invest your money into this industry, it can surely be rewarding. Let us know how your experience hunting or selling real estate properties on ikman went. Stay with us for more interesting insights.