When it comes to "real estate investment", which many people have considered an investment vehicle for years, various questions come to mind. Buying a house and using this house as an investment tool can be widely preferred. In this article, we will talk about buying a second home as an investment and why you should or should not buy it from various perspectives.
Is Buying a Second Home a Right Investment Choice for You?
If you already own a house and you have an intention to buy a second house as an investment vehicle, you should evaluate whether this option is suitable for you before making your investment decision. Considering today's real estate market, we can see that house prices have reached very high amounts compared to the last years. When you want to choose a new house as an investment, you have to take into account a very high financial burden, and you should also calculate that you may have difficulties in selling or renting again in a period when uncertainties are quite high after purchasing. If you intend to earn a regular income by renting after purchasing this second house, you should also consider that it will take a very long time for the rental income you will get from renting the house to repay your initial expenses. In addition, you have to deal with leasing transactions and consider that the house may lose value with the share of obsolescence after the leasing. Before buying a second home, you can come to a decision by carefully evaluating all these reviews according to your own possibilities.
What Investments Can Be Made Instead of Buying a Second Home?
When you buy a house, your investment may not reflect the value due to economic uncertainties and many other factors. For this reason, you may want to turn to an investment option that is easier to buy and sell. The co-ownership system, which is widely preferred in the world in the modern era, may be suitable for you at this point. Because in this model, you own the shares of a house. The shares belong to you directly through the joint-stock company established solely for the house you want to own, and you can sell these shares to other co-owners or to different buyers easily.
In the face of the physical, financial, and moral burdens that you will bear when you buy a second house as an investment, the co-ownership model brings many advantages. When you rent a house, you do not have the right to use the house outside of the agreed period. In co-ownership, you can use your house for as long as you want, then sell your shares at any time or increase your right to use the house by buying shares from other co-owners.
With its comprehensive system, Koesta offers you the opportunity to buy your dream second home, whether for leisure or as an investment vehicle. With the digital listing system, you can view Koesta's homes, each located in special and valuable locations. Moreover, when you want to resell, Koesta will help with the necessary listing processes for you and help you sell your shares in real value and in a quick way.