Wednesday, June 13, 2018

Purchasing The Best St Kitts Real Estate

By Eric Cole


Buying property is a wise decision. It is one of the best things that an individual can do. There are many reasons for buying St Kitts real estate. There is no better time for buying property. Every time is ideal for property purchasing. The property buying philosophy is simple: buy and hold. One should hold onto real estate until the prices appreciate greatly so that to be able to offload it at a profit. It is easy to make a good profit in the real estate market if one is smart. The secret is finding the best property to buy.

Speculation is rife not just in St Kitts but also in other countries. As a matter of fact, speculation is the order of the day in the stock exchange. Stock investors are always speculating the moves of stocks. Of late, the speculation culture has dominated the property market. Some people are motivated by speculation to buy properties in the Caribbean islands.

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.

There are certain factors that make property to be one of the best assets to hold for future purposes. The number one factor is its stability. As a matter of fact, it the most stable asset on earth. It is more stable than precious metals such as gold, silver, and palladium. On the other hand, stocks are very volatile assets.

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 buy a piece of land that will be used for constructing a home. Alternatively, an individual can opt for a readymade house. The advantage of constructing a house from scratch is that a person will be able to customize it as much as possible. The home should be made to be as comfortable and relaxing as possible.

A business will need to have a business premise. A company will require a headquarters. On the other hand, factories need to have yards for storing raw materials and finished products. All these require property. In business, property is a crucial factor of production. The others are labor and capital. Land is indispensable in the production process. Land supply is limited.

One should not blindly purchase property. Not all pieces of property are created the same. There are those that are on the higher side of the scale. On the other hand, there are mediocre pieces. A mediocre property will be of little or no use. The best properties in St Kitts are in prime locations. The issue of location needs to be considered seriously.




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