* This is a collaborative post.
In the year 2019, you would expect more women to be interested in increasing their income through property investment. However, statistics show that only 29% of women would call themselves investors. Instead, research has shown that women would prefer to keep their savings in a bank account, which results in them losing out on massive profits in the real-estate sector.
The most common misconception with property investment is that it is too risky, but this is not the case, especially when done right. By investing in property, you can benefit from the following short-term and long-term perks.
One of the most significant advantages of property investment is financial freedom. This can be achieved when you make a smart investment that provides you with lucrative returns, allowing you to stop relying on employment income. In some cases, women have actually become accidental landlordsafter moving out their own home to live with their partner. Many of these women have gone on to become successful and financially independent investors with impressive property portfolios.
If you’re a first-time investor, you should start small by purchasing one property that will offer you generous returns in the form of rental income and capital appreciation, which is when your property increases in value over time. These profits allow many women to quit their job, or just use the returns as disposable income to fund anything from dream homes to luxury holidays and more.
Build up your savings
Investing in property is also a great way of building up substantial savings for you and your family. You could use rental income to fund your child’s education, or if you’re planning to expand your family, you will need to extend your home or relocate, which is possible with your investment capital.
To ensure you have a significant amount of savings, your investment needs to be strong. To make sure you make the right investment choices, you should work with property experts like RW Invest who can offer you all the advice you need to become a successful property investor. They also have several properties available in the north-west, where rental demand and yields are superior to the rest of the UK. This will offer you the capital you need to support your children and save for retirement.
Work from home
Another advantage for women investing in property is that you can actually work from home, especially if your returns allow you to quit your job and work on your property portfolio full-time. This means you can spend more time with your family without having to worry about your finances.
While landlord duties can be time-consuming, many women make it work. However, this may not be ideal for someone with young children, as they tend to require more of your time. To ensure you’re fulfilling your role as mother and investor, you could take on a hands-off investment by bringing in a property manager or company, who can take on tasks such as rent collection, complaints, maintenance, and more. By hiring experts, you can rest assured knowing your property is well looked after and your tenants are satisfied with you as a landlord.
* This is a collaborative post.