One of the groups most interested in real estate investment are millennials, who are people born between 1980 and 2000, under 35 years old who are linked to new technologies and with information in the palm of their hand.
This group, made up of a large part of the youth, has become much more aware of the urgent need to prepare for future economic recessions, giving rise to seeking good returns over time, using real estate investment as a bridge to their financial security.
In fact, a survey conducted by “Wealthfront Brokerage LLC” assured that the priorities of millennials are the reduction of unnecessary expenses, the increase in savings and investment in the coming months, prioritizing maintaining better financial management by investing in different resources.
The tips they look for on the Internet
Doing a simple analysis of Internet searches on this topic shows that millennials prefer digital platforms for any type of investment.
Even more so, when these platforms give them advantages such as: access to an app, being able to track their investment in real time, signing online documentation, among others.
More traditional measures
To achieve their goal, they must pay attention to the following points:
Pay attention to good banking behavior
One of the most important items for banks is the behavior in the distribution of resources, providing tools to prevent you from falling into the commercial bulletin. The thing is that the Equifax company system can be a big headache. If you already have a checking account, it is necessary to use overdraft lines or credit cards only in emergencies, in order to avoid falling into the dreaded over-indebtedness.
Search for projects in regions
For example, in Chile, cities like Valparaíso or Viña del Mar have a high level of demand because they have a significant rental public from March to December, and especially during holidays. A lower acquisition price than Santiago and a strong dynamism in the interested public make some sectors outside the Metropolitan Region a great alternative for real estate investment.
“Young people like to invest in real estate, since its value and rental rates tend to increase even in the worst financial scenarios, which makes this alternative the best buffer that an investor can have,” comments Ignacio Gantes. , Deputy Marketing Manager of . Alborada Real Estatewhich have a channel focused on real estate investment.
Invest without fantasizing
Between 20 and 35 years old is an age where we do not necessarily think about the future, but we must understand that the faster we start investing, the faster we can grow our assets. The important thing is to understand that the investment will not complicate your liquidity, therefore, the only expense is the initial down payment, which can be paid in various installments from the purchase to the deed.
Start saving NOW
One point that you should not leave aside is saving. One of the big problems for people is spending money, where you lose money on issues that sometimes you don’t even remember. Perhaps, in the first years, being frugal will help you save between 10 to 30% of your earnings monthly.