Until the last decade, there was a notion that people usually started investing in their late 30s and early 40s. However, with changing times these concepts are also modified. Now individuals do not wait up for long before getting into jobs. Therefore they start earning at an early stage of their life and develop an understanding of the financial world in their initial growth phase. This leads them to start investing in their mid-20s, while some prefer to invest in the stock market others like to fancy investing in gold. Yet out of all these, it is the real estate sector that proclaims the top.
Investing at an early age in the real estate industry can generate a great ROI (Return on Investment) for a person and if it is your second home then it’s a cherry on top. If they plan to buy a second home early in their career then they will get a lot of time to pay back the home loan. It will be easier for them to opt for a long-duration home loan which means they get to pay smaller EMIs and can easily avail of a loan of 20-plus years. Secondly, having a home loan means that the person will be eligible for a tax deduction under Section 80C of the Income Tax Act of 1961. Therefore with a home loan, they will have numerous tax benefits that will very much reduce their tax outgo. Also buying a second house means that anyone will be adding to their list of assets. If someone purchases a property in their 20s, its value will appreciate and the ROI will be quick after 10-15 years.
Investing at an early age surely has a plethora of benefits but out of them all, the most beneficial one is that having a second home will give a person the option to move to a new house if they find it more convenient. Owing to which, what is better than having a second home in the midst of majestic mountains? The solitude that a person will attain with the fascinating environment where river water flows alongside and the surroundings are only filled with fresh air is an admirable experience. Additionally, properties in hills hold a lot of value in the real estate market.
One of such properties that checks off everything on the list of being a perfect home is Chester Hills which is situated in close proximity to mall road, the heart of Solan. The team Chester Hills caters to every person therefore their property has multiple types of houses. From studio apartments to villas to 1,2 and 3 BHK flats in Solan, they have it all. Investing in Chester Hills means that anyone will be inviting a great profitable asset in their life. The property is at a convenient distance from top schools and colleges. In addition to that hospitals, banks and general stores are also near it, which will only be increasing the property’s value in the long run. One of the added benefits that come with buying a second home at an early age in Chester Hills is that their studio apartments can be put up on lease by the owner if they are not living there full time; this will generate an extra income for them. With that, they can visit their property in Solan to live for 28 days in a year. This will get them a much-needed getaway from city life whenever they want as there will be no need to worry about hotel bookings.
The properties at Chester Hills are well equipped with every possible modern amenities so that living there becomes more comfortable. Hence being an investor at an early age with Chester Hills provides you with innumerable advantages that can assist you to reap benefits in the long run. If you are someone who believes in future planning from a very early stage then investing in a second home amidst the serenity of nature is what you might be looking for.