Benefits of early investment if you are 24

Published: 04 Nov 2020

We know many people who have invested in real estate in their 30s and 40s. But the shift is now seen with the younger generation, especially in their 20s, taking a keen interest and are investing. Real estate investment, very rightfully so, is considered to be one of the best long-term investments.

The benefits of starting early are many. We hail from a setup where financial independence and financial management aren’t often taught until one begins working. Hence, many miss out on valuable time that could have been spent in compounding more out of their investment.

The benefits of investing in such a property are:

1. Getting an Early Start: In your 20s, you have the best asset on your side – TIME. By starting early, you are in a better financial position until the time you have bigger commitments. Early investment will offer a parallel income. This can then be reinvested. There is time to learn and research when you start early, which helps avoid making mistakes at a later stage.

2. Avail Loans Easily: Most people opt for a loan when investing in Real Estate. Repaying the loan from a young age ensures financial freedom by the mid-30s or early 40s. It also makes you eligible for long-term loans with low-interest rates.

3. Promotes Saving: The tendency to save after spending is too common in the early years of earning. But when you start investing, you will handle the process regularly, and it will make you a more responsible adult. When one invests, there is a better allocation of how much is left for one to spend. That is, the amount left after investing and saving is what one can spend to keep financial stability. With this, money is spent less on splurging and more on future needs and necessities.

4. Same Price as Rent: When you can own your home at the same price as rent, it would be the smartest decision to channelize it towards investing in real estate.

5. Early Retirement: A steady income from renting out your real estate will allow you to focus on other passions stress-free.

Fortunately, we at Shriram Properties are here to answer all the questions that you might have regarding the topic, if you decide to invest in our upcoming project, Whitefield Youth Town located at Budigere Cross.

Whitefield Youth Town is located in a prime location and is bound to have a manifold increase in value. The property is located in an SEZ (Special Economic Zone) with excellent connectivity to all the main IT hubs through the Peripheral Ring Road.

Investing in a vibrant community filled with amenities for the Youth ensures first-time investors and young professionals get an opportunity to get guaranteed returns comfortably.

Also, being located amid the metropolitan’s IT hubs makes it easy to rent. And an early retirement means early financial independence.

When you invest in real estate at an early age, you responsibly secure your long term future.

Check out Whitefield Youth Town now to make your investment choice!

CATEGORY: HOME BUYING GUIDE