Real estate is a property, building, land, air and underground right. Some refer real estate to residential houses, buildings and so on, this can also be categorized as residential, commercial or industrial. Residential real estates are those undeveloped lands, condominiums, houses and town houses that can be occupied while commercial real estates are the office buildings, retail stores and warehouses and the industrial ones are mines, farms and factories. With a lot of real estate all over the world, most people invest their money with condominiums which you can find throughout the globe. You may also want to consider the best investment condo in Singapore which many people are putting their money in.
Retirement income is a precious possession that you have but you might want to increase and improve it by investing. Here are some ways on how to improve your retirement funds.
- If you owe less money with your house and the actual value of it is more than what you owe, you can definitely sell your house and add the difference to your retirement fund. You can choose to downsize and live somewhere you are comfortable to love.
- You can put money for REITs or Real Estate Investment Trusts, this is like a mutual fund which owns properties and stocks. With this, you can gain income and capital gains.
- You can own a property wherein you will allow businesses to rent. This way, you will have continuous income that you can add to your retirement fund.
- You can purchase shares in redesigning a business space with the use of crowdfunding platforms. You can select a property to purchase a share, with the various presented to you, and by then you will continue earning after purchasing. You will also be presented its approximate income and gains.