The Chief Executive Officer (CEO) of Capemay Properties, Eunice Adjei Bonsu, has said the time has come for people to invest in real estate in order to secure their future.
Eunice Adjei Bonsu says with uncertainties and unpredictability of markets and other investment instruments across the globe, the best investment option is for people to go into real estate investments, particularly in Ghana where prices of properties always appreciate.
Speaking in an interview on how people can leverage the many opportunities and certainty that investments in real estate bring, she said once the investment is well structured to make entry affordable and returns predictable, the phobia and misinformation around investments in real estate will be discarded.
“Our goal in the property industry is to create investment opportunities and wealth-building opportunities for the next generation of property investors. We believe the next generation needs sound education on solid investments in the area of real estate as an investment option in order to secure their future wealth”.
“We are confident of providing properties of high standards, fitted with quality amenities and in prime locations to make for a great investment and yield great returns” she added.
Benefits of investing in real estate
There are some very major benefits when people invest in real estate.
1. Potential Profits; Real estate is a value for money business and therefore, when the investor re-sells the property, there is great potential for profit. Since real estate values typically increase with inflation, property investments can serve as a hedge against inflation. In addition to being able to sell real estate, investors can make money renting it. Landlords typically get a steady net income from their rental property.
2. Leverage; With the purchase of real estate, an investor attains financial leverage. The real estate owner can borrow money – whether a second mortgage, home equity loan or personal loan – using the real property as collateral. It also takes a smaller proportionate outlay to purchase real estate than other investments.
3. Non-Liquidity and fluctuating real estate market; Real estate is a very non-liquid asset. A property owner might not be able to sell his investment when he wants to, or for the price he needs to in order to make a profit.
It is worth noting that stocks the world over have taken a big hit as a result of the Coronavirus pandemic as much as rent has gone down. However, once the economy picks up, securing a real estate investment or keeping your current investment will boom. Hence, this is the best time to buy so when the economy recovers, the property will appreciate and they can resell.
4. Appreciation; On top of the build-up in equity from paying down the mortgage, you will also benefit from the increase in property value.
5. Equity; According to Capable Wealth, each time you make a mortgage payment a part of it goes toward paying interest on the loan and a part goes toward paying down the principal value of the property. With each payment, you own more and more of the property. Over time, Real Estate prices tend to go up in value. From the 1960s through the early 2000s there wasn’t a single year of decline in the median home price in the U.S.
Signature Apartments Offerings
Mrs Bonsu said “Signature Apartments provides residents with a communal feel and work-life balance. The Signature community has access to countless amenities including a rooftop swimming pool and bar, fitness centre and steam room, lawn tennis court, ballet and yoga studio, library, movie theatre, karaoke studio, bowling alley, private underground parking, ground-level swimming pool, restaurants, etc.”
She added The Signature is offering different apartment types for the different classes of investors especially for the next generation of property investors. “We are willing to start from various price points to create opportunities for the first time and multiple-time investors.”
On how to capture the market to rope in more people and ensure return on investment for homebuyers, Mrs. Bonsu said the company has exceeded the practice in real estate through its Signature Apartments which is located at Tetteh Quarshie opposite the Accra Mall by providing world class amenities to ensure a perfect work life balance of potential tenants making it more competitive than hotels and also ensuring quality of construction and high standard fixtures.
“This is very important as property investment is for long term and as such, the product should be quality enough to stand the test of time. Most people buy for investment and the product should be able to rent and give a good return on investment”, she added.
Property investment education
She said the company will invest it’s time to leverage both traditional and digital platforms to ensure that the majority of the people get to learn about how important it is to invest in real estate than short or long-dated market instruments.
Latest Stories
-
Suspend implementation of Planting for Food and Jobs 2.0 for 2024 – Stakeholders
6 mins -
Parkinson’s disease no longer confined to the elderly – Public Health Physician, Dr Momodou Cham warns
10 mins -
Persons living with Parkinson’s disease appeal for support as they face stigmatization
24 mins -
36-year-old-trader sentenced for stealing employer’s money
27 mins -
9 signs you’re falling in love with someone who thoroughly enjoys emotional manipulation
34 mins -
Catholic Diocese of Keta Akatsi hosts Parkinson’s support group meeting
36 mins -
Wa Naa appeals to Akufo-Addo to audit state lands in Wa
59 mins -
5 secret ways people use ‘I love you’ as a form of manipulation
1 hour -
The most important question to ask yourself
1 hour -
Department of social welfare sensitises residents of Nabdam on child protection
1 hour -
Ghanaians must assess the quality of political leaders presented – Asah-Asante
2 hours -
Ashanti Regional Minister demands withdrawal of ‘fraudulent ECG bills’ sent to his residence
2 hours -
Delta Air Lines deploys new Airbus on Accra-New York route
2 hours -
PPDC spearheads Africa’s AI development at DRIF24 forum
2 hours -
Ripoti App launched to empower journalists, others to tackle digital rights violations in Africa
2 hours