Property is one of the most secure forms of retirement provision. However, not every property is equally suitable. When is it worth buying a property for your financial future, and what should owners look out for?
Why real estate is a good retirement provision
Owning a property offers long-term security. Owners are independent of rent increases and benefit from continuous value growth. In addition, a rented property can secure additional income in retirement.
Which properties are particularly suitable?
Not every property makes sense as a retirement provision. The following are particularly popular:
Well-located city apartments with high demand
Houses with low maintenance for low follow-up costs
Barrier-free properties that can also be used in old age without any problems
Letting or own use?
If you invest in a property early on, you can decide whether to rent it out until you retire or use it yourself later. Both options offer advantages - renting brings ongoing income, while owner-occupation means security in old age.
Conclusion
Real estate is a secure long-term retirement provision if the location, condition and financing model are well thought out. Owners who invest early benefit from stable values and financial independence in retirement.
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