The other day my family and I were talking and discussing about what is best t for an investment. We are looking into it. Real estate, property, house. We came up with a conclusion that real state is good investment. Why is it good to invest in real estate? In this market situation, ideal is to buy. Unlike most of the material things we bought such as cars, appliances, and furniture where the value declines immediately after it is bought, the value of real estate has a tendency to increase as time passes by. The market may be down today but looking at its history, it always go up in time. Think positively and be willing to sacrifice more to own a house of your own. It is a passive investment that increases in value by allowing market forces to work for you without sweat.

I had to admit that our purchase was unplanned. A land owner wanted to sell the land in emergency, I took the opportunity and since I am interested in getting that property. I was glad that we bought it at the right time, no one else had bought it, though I heard that one buyer was talking of buying it at greeter price we paid. If you are a first time buyer with limited funds, do not invest in more than one house or lot, of course if your funding is limited. Any extra funds should be used to increase the down payment or monthly dues in order to reduce your financial burden.

A good opportunity to buy is when you can lock-up the mortgage rate when it is low. This will allow you to build up equity faster even if the value of the house does not increase as fast as you like. Same as with landed property. There is always timing for everything.

We have talked about it already. One day God willing we will build a house in the Philippines. I am excited about that. We have a prospective site now, but have not buy yet the land there in that place. The one we bought is just for another investment. I always keep in mind that the house you built or bought is an investment for the future, even though at present, you have no plan of selling it. Profit comes not in the future but at the moment you bought the house that is priced right, located in a good neighborhood, with amenities and modern facilities and with other features that are sure to bring more value to the home; with that alone we will have very good investment.