Benefits of Real Estate Investment — Whistler Community Estate
Owning a Real Estate Investment is an involvement of purchasing, managing, renting and/or selling of real estate for profit. Deciding to have a real estate investment? Know the Top 5 benefits of Purchasing and Owning a Real Estate Investment. Whistler Community Estate would like to enumerate those top 5 benefits!
“Being a broker for half a decade, we understand deal momentums, the importance of our investment and being a representative of Whistler Community Estate, we value and look forward to new exciting projects.”
“You should look for a great client for a successful Real Estate investment. Also, while you are making money with your clients, you are building relationships.”
Once a business grows, profits increase and with that, the team also increases. With all the team expansion, you may also require a bigger space to operate in a more efficient manner.
In most cases, having a commercial space after you grow is the best practice to make further improvements to your work culture.
There are two basic ways of doing this: you can either lease a building or purchase it. Either way, you will get a space to operate from. However, another struggle is finding out which method suits you most.
Your business, its nature and the budget you’ve divided for space will define your approach towards acquiring a commercial property.
To make the most suitable decision, take a hard look at some of the main factors mentioned here that would impact you:
Location is the most important thing for any commercial or residential real estate investment. The location of your office space is as important as the location of your home.
It depends on where your customer base lives. If you’re in an industry that serves locals, then try your best to find something around the heart of the city.
Here, purchasing might not be the best option because spaces in crowded areas are more expensive.
In other cases where offices operate for clients remotely, it gets easier because bigger spaces a few kilometers out of the city can be purchased at lesser costs.
On the other hand, if you purchase a giant space and in a few years, your company has to make a move you might have to sell it at a loss.
Do You Want to be a Property Owner/Landlord?
It is comparatively different to devise a budget for a leased space.
Because when you’re renting or leasing a space, costs like maintenance, repairs, and insurance are included in the lease agreement and are paid by the owner in most cases which gives you a financial cushion.
While if you purchase a property, these costs are your responsibility and have to be paid in time regardless of your financial condition.
You should do a cost by cost comparison for both leasing and purchase a property before deciding on one.
Owners are bound to make an annual budget for all the fees separately. Major repairs are also a setback many owners have to face.
Whistler is considered as a great place where you can enjoy the mountain range of British Columbia. Located 125 kilometers from Vancouver, Whistler is more than just your spot for winter sports. It is also a great place where you can invest in real estate. For starters, Whistler attracts around 2 million people annually. It is best known for alpine skiing and its snowboarding. During summer, it also attracts individuals who love mountain biking. Known mainly for these sports, investors are looking to offer tourists with a place to stay in Whistler. A great number of residential homes have been transformed hotel alternatives on AirBNB.
During the late 60s, Whistler was considered a quiet area without any basic infrastructure or even sewage facilities. Things have changed since the 60s when four businessmen from Vancouver turned Whistler into a place for a ski resort and had a bid for the 1968 Winter Olympics. Whistler was transformed since then and it has continued to grow competing against Denver for the winter games. Until today, Whistler has continued to evolve attracting a great number of businesses. Whistler was the host mountain resort of the Vancouver 2010 Winter Olympics and Paralympic Games.
One of the features that attract investors to Whistler is its access to transportation. It is accessible from Vancouver via British Columbia Highway 99, otherwise known as the Sea-to- Sky highway. It also has local bus transit service provided by Whistler and Valley express. It is also accessible via Greyhound Canada that runs between Pemberton and Whistler.
Perfect for those planning to have a family
Aside from individuals taking advantage of investing in the booming tourism in Whistler, it is also the perfect spot where you can raise your family. Aside from the peace and quiet environment, there are also two elementary schools in this part of British Columbia. It also has one high school named Whistler Secondary School.
Condos and fractional ownership are quite popular here in Whistler according to Whistler resident, a realtor from Nanaimo on Vancouver Island. He claims that over the past 15 years there have been numerous “trends” that ultimately affect real estate here but none more than fractional.
Purchasing and owning a real estate investment is a profitable business. A real estate investment is an involvement of purchasing, managing, renting and/or selling of real estates. If you want to have a bigger, better and buoyant business, owning a real estate investment is the ideal merchandise. These key points will give you the idea to discuss that owning and purchasing a real estate investment is worth it than the traditional stock investments or other investments you thought of. The Top 5 key benefits of purchasing and owning investment real estate are:
Easy and Regular Income Flow. Income or cash comes from the monthly rentals of your property or from the lot you sell. With the investment of real estate, your income or cash is easy, regular flowing, steady, and more predictable than any other investments. In spite of that, one should still consider the factors that can negate positive and negative cash flows.
There are Tax Benefits. Most rental property owners or real estate investors look forward to this tax benefit rewards. The easy, regular, steady, and predictable income or cash you receive every month is not subject to self-employment but the government offers benefits like depreciation and lower tax rates. Why? Because of the expenses you make, these expenses are deductible to your tax thus reducing your liability.
Under your Control. You as the investor have the power to influence to direct your investment to a better course of events. Investing in Real Estate gives you the control to have an easy, regular flowing, and steady cash flow. To have this, one should hustle hard to find a better deal. One should get to control the situation and your financial future.
Depreciation. This is the reduction in the value of an asset in due time, depreciation value is a key factor of the overall value of the invested property structure and the recovery time period. The recovery time period of a invested property varies depending on if it is a commercial property or a residential property. As the invested property gets older, year by year, the depreciation value of it goes down.
Property Appreciation. There is appreciation in the value of the invested property. For the investment to even get buoyant and income regulating, the investor must focus and puts the money to his property appreciation. Times of recession when the property value has decreased, the investor should be patient and should look for ways to improve the invested property.