Land is the golden investment. People usually have an emotional connection to their land. The number one rule of investing is that one should purchase real estate first and the other assets latter. There are residential, commercial, and industrial properties. St Kitts is a prime Caribbean island. Thus it has valuable St Kitts real estate. The real estate investment philosophy is simple: one should not wait to buy property. Instead, he should wait and buy, anticipating price increases. The reality over the last few decades has been that the best properties have always appreciated in value.
The motivation for property purchasing can be speculative. That means that one makes an acquisition without the intention of holding it for long. One simply waits for the prices to be better and subsequently sells the piece of property in question. There are many speculators in St Kitts. That is the reason why property prices have more than tripled over the last few years.
The principle of speculation is simple. One buys low and sells high, within the shortest time possible. The speculator has a positive mindset that the price will shoot up within months. On the other hand, the long term investor looks to the future. In the long haul, property prices can increase by more than tenfold. Long term investing is desirable.
Property definitely performs impressively in the short run. However, it performs better in the long haul. With the progression of time, it will prove to be a very resilient asset. That is due to the fact that it will not easily lose its value. As a matter of fact, it will be constantly appreciating, at times with double percentages.
The stability of property is seen in the way that is able to withstand negative economic and political forces. The stock market always swings according to the politics of the day. That is not the case with real estate. It will even be stable when there is conflict and war. It will not be affected by the forces of recession.
One can purchase a piece of property that will be a home. One does not build a home to sell it but for the purpose of staying inside it with his family. The home is a special place. East or West, home is still the best. Home needs to be a relaxing place. It should be a place of ultimate comfort.
People need homes. On the other hand, enterprises need business premises. The production activity cannot be carried out in thin air. It will have to be carried out in a specially constructed building on a parcel of land. There is no production factor that is as important as land. It is more important than labor and capital combined.
There are a number of factors that have to be considered during the process of shopping for property. The three most important factors are location, location, and location. A piece of property is as good as its location. Actually, location is everything. Not every location is good. The best location is a strategic location. Such a location is easily accessible and it is near crucial amenities.
The motivation for property purchasing can be speculative. That means that one makes an acquisition without the intention of holding it for long. One simply waits for the prices to be better and subsequently sells the piece of property in question. There are many speculators in St Kitts. That is the reason why property prices have more than tripled over the last few years.
The principle of speculation is simple. One buys low and sells high, within the shortest time possible. The speculator has a positive mindset that the price will shoot up within months. On the other hand, the long term investor looks to the future. In the long haul, property prices can increase by more than tenfold. Long term investing is desirable.
Property definitely performs impressively in the short run. However, it performs better in the long haul. With the progression of time, it will prove to be a very resilient asset. That is due to the fact that it will not easily lose its value. As a matter of fact, it will be constantly appreciating, at times with double percentages.
The stability of property is seen in the way that is able to withstand negative economic and political forces. The stock market always swings according to the politics of the day. That is not the case with real estate. It will even be stable when there is conflict and war. It will not be affected by the forces of recession.
One can purchase a piece of property that will be a home. One does not build a home to sell it but for the purpose of staying inside it with his family. The home is a special place. East or West, home is still the best. Home needs to be a relaxing place. It should be a place of ultimate comfort.
People need homes. On the other hand, enterprises need business premises. The production activity cannot be carried out in thin air. It will have to be carried out in a specially constructed building on a parcel of land. There is no production factor that is as important as land. It is more important than labor and capital combined.
There are a number of factors that have to be considered during the process of shopping for property. The three most important factors are location, location, and location. A piece of property is as good as its location. Actually, location is everything. Not every location is good. The best location is a strategic location. Such a location is easily accessible and it is near crucial amenities.
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