Real Estate 101 for Couples: Investment Property Options for Newlyweds

After spending on the wedding, money can be a bit tight for some newlyweds. For couples who are on a tight budget, renting is the best option since it can let them save money which can go into their dream house or for other investments. In this type, the landlord charges rent every month to cover the utilities used by the renters. When renting, the expenses will generally be for the room, electricity, and water; there are no other fees to pay like property insurance and taxes.

Renting gives the couples fewer responsibilities when it comes to home repairs or maintenance since the landowner usually takes care of it. Although the financial advantages from this type of property come from money saved and not earned, it is the best option for couples who are still establishing their careers and are expecting to move places in the immediate future.

Owning a house can provide emotional and psychological security. For newlyweds who are financially well-prepared, having a residential property is a solid master plan to invest and earn. As time goes by, the value of a land or a property increases; a house is an investment which moves in tandem with inflation. Besides the price appreciation, there are tax benefits and reverse mortgage options which couples can benefit from after retirement.

With this property type, couples have the freedom to do what they want, like adding extra units or expanding their property and customizing not only the interior but also the exterior landscapes. Selling or renting out the house partially can also be an option. This type of investment is ideal for newlywed couples who are thinking of securing the future of the next generation.

Yuppie couples who find comfort in big cities can consider investing in a condominium property. Most condos are located near business districts, shopping malls, restaurants, and other places of interests. This type of urban living also gives the owners access to amenities like gyms, pool lounges, viewing decks, and balconies. A condominium unit is also easy to manage, and security is not a problem as well.

Over the years, the number of condo projects being constructed has been increasing. With the variety of options, the location, and the flexibility of payments, a condo is a convenient investment choice for couples. If this investment property is chosen, a condo will become a good asset when rented out at a very competitive price.

Also known as lease-to-buy, rent to own homes can be good for beginner property investors. This type of investment works when a real estate investor agrees to lease a property to someone for a certain period of time, usually 1 to 3 years. The renter then may choose whether to buy the property for a predetermined amount or move out. Basically, the buyers can “test drive” the house, discerning if the property can complement their lifestyle and needs.

Just like renting an apartment, the buyers and the realtor will have a signed contract (lease agreement), and the buyer can pay monthly. If a couple opts to go this route, they can take advantage of the paid percentage and have it subtracted from the purchase price. In that way, they’d already have a hold on their dream house while they save up to pay off the complete purchase price.

Check out Yoorekka for practical real estate tips and updates on the newest properties in the Philippines.

Whether you are still on your way into building a career with your partner or starting a family, choosing the right investment plan is the key to a secured future.