3 ways real estate can increase retirement income Tips, Online Property Help, Finance Advice
3 Ways Real Estate Can Increase Your Retirement Income
14 May 2021
You can never plan too early for the future – it’s a good way to feel safe, secure and to prevent emergencies. If you know that your retirement income is likely to be healthy, why not consider investing in some real estate to give yourself an additional boost?
There are a number of strategies you can adopt when it comes to making money and increasing your retirement through property investing. Here are just a few to get yourself started.
Real estate stocks
There are a number of real estate investment trusts (REITs) for you to invest in in the UK. Essentially with REITs, instead of investing in stocks and bonds, you’re generally investing in companies that own and invest in properties.
They’re popular with so many investors because they offer great potential to deliver gains and dividends. Typically, when you trade in real estate trusts you’ll gain income from rental, properties sold or payments received on loans in mortgage-backed securities.
If you’re a dab hand at DIY and love to complete jobs around the house, why not give house flipping a try? This is simply where you invest in a property, improve it and sell it on for a profit. Should you take on a project like this, you’ll have to make sure you have the appropriate PPE, this will make sure that any decorating projects or building elements you’re tackling, you’re fully protected from any risks to yourself.
If you do end up buying an additional property, you could even look to rent it out to generate more income. There are a number of things you’ll need to think about before becoming a landlord, however. You’ll need to make sure that you have the appropriate insurance to help cover you in case of damages and repairs. You may also want to look into having an estate agent manage the property for you, that way you’ll be able to sit back, relax and enjoy your retirement!
Having additional retirement income will never hurt
Whether you’re imagining yourself sailing off on a cruise around the world, helping your grandchildren or paying for some home improvements of your own, boosting your retirement income will never hurt.
Thanks to rising healthcare costs and other surprise expenses, sometimes retirement can be more expensive than you may have initially thought. If you want to enjoy your well deserved downtime with as little stress as possible, making sure you have good financial health in retirement will ensure you can do everything you want to and more. Get your ducks in a row and see how the real estate industry can boost your retirement income!
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