If you are a forward planner and you have already started to plan for your future, you are to be congratulated for your wise decision. Many people do not start putting things into place, and it is something that they regret later on in life when retirement comes around. Their private or public pension just doesn’t provide them with the income that they have been used to having their whole lives, and retirement becomes something that provides a very bad life experience.
Planning ahead makes perfect financial sense, and if you are looking for some ideas as to how you could build your financial portfolio, property should certainly be at or near the top of your list. For example, you can find a condo for sale in Pattaya Jomtien at very affordable prices, and it can be rented out for the vast majority of the year to holidaymakers. If you’re not sure if real estate should be part of your financial portfolio, the following are some of the reasons why it should be.
You Get Essential Cash Flow
People say that electronic payments have taken the place of cash, but cash is still king in 2025. If you are not intending to put all of the money up front to buy your condo property, it’s likely that you will take out a mortgage. The rent that you charge your tenants will always be over and above what you owe your lender every single month. This provides you with essential cash flow, which you can invest further into the property, or maybe even consider buying another one.
You Enjoy the Tax Breaks
The Thai government wants to encourage people to buy a property, and with that in mind, they offer various tax breaks and other deductions. When it comes around to settling your taxes on an annual basis, this will save you quite a bit of money. It is acceptable to deduct the costs of owning a property, taking care of it, and managing it. If you have taken out a mortgage over the space of around 30 years, you get to enjoy these tax breaks for the duration.
It Provides a Retirement Nest Egg
Many of us worry about whether we will have enough money when we retire. By investing in property today, it will appreciate in value over the past number of decades, ring through into the future. You can expect your property to increase in value over the coming years, so when it comes to selling it, it will have doubled or maybe even tripled in value. This will allow you to sell the property and enjoy the proceeds towards living a very comfortable life during your retirement.
It will also provide you with leverage when it comes to dealing with financial institutions. Once you see how successful this property will be for you, you may want to borrow again to buy something similar. It is reassuring to know that it is creating wealth.
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