If money weren’t a problem, what would you buy—and why?Hello #indiaunited friends, I trust your day is going well. Welcome to my blog.
Money, they said, answereth all things. Hence, if money weren’t a problem, I would love to do many things, like establishing a manufacturing recycling firm and use locally sourced materials for production. Recently, green energy and the environment have been taken seriously, driving manufacturers towards recycling. But the quickest thing in my diary will be to buy a house in the capital of my state of origin.
Various benefits come with owning a house. Some of them include, but are not limited to, becoming an automatic member of the landlord’s association, a platform that can bring further business connections, exposure, and great opportunities.
Secondly, it will generate a return on investment because some apartments will be rented to tenants. That move will bring in a return on investment from time to time.
Again, it will be a source of income for me and save me from the pressure of yearly rent remittances since I would not be paying house rent again. That way, I will channel the resources to other things. Since the value of the building keeps appreciating, that way, my family and I will have a secure future investment. Additionally, it can be used as collateral for loans. Should there be any need for a loan facility from a financial institution, that house may serve as one.
Danial farooq
On the other hand, some disadvantages come with such investments, including the high cost of maintaining the house due to inflation and a hike in cost of raw materials. Secondly, the issue of documents like a certificate of occupation, which is always difficult to obtain in my state of origin.
Furthermore, the risk of loss of property due to the government changing policy. Recently, some landlords have lost their properties to demolition because of a capital project or a state master plan.
However, for me, the benefits still outweigh the disadvantages; therefore, if money isn’t a problem, I would love to own a house in the capital of my state of residence.
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