Posted on: 09th Dec, 2013 01:11 am
We have accumulated certain savings and also the price of our existing home has increased. Will it be a good option to move to a bigger home now or should we invest in an investment property?
It will be completely your discretion whether or not you should buy a bigger home or an investment property. If you are thinking of long term and your retirement, then you may think of buying a bigger home.
Hi Guest!
Welcome to the forums!
If your family increases in size, then you can opt for a new bigger house. But if you wish to earn some extra income, then you can opt for an investment property. You can rent the property and earn income from it.
Feel free to ask if you have further queries.
Sussane
Welcome to the forums!
If your family increases in size, then you can opt for a new bigger house. But if you wish to earn some extra income, then you can opt for an investment property. You can rent the property and earn income from it.
Feel free to ask if you have further queries.
Sussane
Investing in an investment property would rather be a good idea.. however that too depends on your needs.