Why should I invest in Renovating a Home?
January 2, 2010 by Tim
Filed under Finance, First Home Buyers, Practical Renovation, property market, Slideshow, tips
While some families will be financially secure through salaried work, many will find this a risky strategy.
The economy wide, turmoil of recent years has alerted many people, that jobs come and go. Companies too, grow, prosper and decline!! The likelihood of one doing well, in the Stock market is risky, as markets can be volatile. Some wags renamed the stockmarket, the Shockmarket. Consider, that there are heaps of people ahead of an individual share investor. Some call them”Insiders”, like Accountants, Lawyers, Executives, Politicians, perhaps? The general public, like you and me, are way behind in the company information.
How about an inheritance? Apparently, USA research studies reveal, close to 90% of people who rely on an inheritance are suprised at how modest they can be!! Medical expenses can cost heaps!
Most of us won’t be currency traders, commodity traders, or massively profitable business types.
In Australia, the personal home can be one area to build real capital and provide for your financial future: and its easy. Don’t we all know that the Aged Pension is about half what you need to live on: and it will be falling in real terms dramatically from 2016 onwards!! Renovate your home. This is where I concentrate my efforts. I hope you will seize the opportunity, too!!!
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Its remarkably, easy to be in the home renovating game.
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