Dr. Wachiuri Explains How Real Estate Builds Jobs, Wealth and Security
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By; Dr. George Wachiuri
1. Job Creation
Investing in plots and apartments stimulates economic activity by creating employment opportunities. Developing land and constructing apartments requires architects, engineers, construction workers and property managers.
By investing in real estate you support an ecosystem that sustains livelihoods and contributes to economic growth in the community. This helps boost the local economy.
2. Wealth Creation
Unlike other investments, real estate has a record of appreciating over time especially in prime locations. Factors like inflation, population growth and urban development affect plots and apartments positively.
Discerning investors who purchase properties and apartments see their investments multiply over the years creating substantial wealth.
3. Pride of Owning
Owning real estate brings a unique sense of pride and accomplishment. It represents a significant milestone and a tangible milestone of hard work.
Unlike other intangible assets you can physically see, touch and use your property. This tangible achievement provides a personal satisfaction in building something lasting for future generations.
4. Plots generate income
While apartments offer a source of income through rentals, properties can generate income through leasing. This allows you to earn passive income as the property appreciates to its full potential.
Building a real estate portfolio that generates income replaces the employment income in the long term.
5. Loan collateral
Real estate is a highly valued and accepted form of collateral for loans. In case there is an urgency to secure a loan for a personal or business venture, you can use the property as security.
This liquidity feature makes it easier for investors to access further capital and is crucial to fund other emergencies.
6. Tangible secure assets
Real estate offers security and stability because of its physical nature. This means that the property cannot be hacked, deleted or manipulated.
Even in economic uncertainty, property remains one of the most secure investments offering peace of mind. This factor ensures stability in the investment portfolio.
7. Birth of other businesses
Investing in plots and apartments can spark the creation of additional businesses. From setting up rental services and commercial ventures to establishing retail shops and Airbnb spaces, the opportunities are immense.
A single real estate project or plot can be the foundation of an entire business empire.
Dr. George Wachiuri
ceo Optiven
www.optiven.co.ke
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