We all dream of having our own house at one time, not a rental house, not an apartment, not a condo but a dream house with a backyard and a beautiful front yard etc. But you need to work very hard to get to the point where you are able to afford your dream house.
Have you ever heard “you cannot get your own house, certainly not until you are forty” or “you cannot get a house of your own, you have to get married first two people working for a cause makes it happen” and there are countless other things that we get to hear but guess what? Just a little intelligent planning and a few investments here and there can make it happen.
Read on a few ways, which can help you in reaching your goal:
Find the location:
Keeping in mind the area where you want to invest and like to get your dream house to be located in is the first step of planning. You need to keep tabs on the prices and the inflation of the real estate market. Mortgage and mortgage payments are other hassles that you have to keep tabs on.
Also, you need to know if there are any house available in the area. for this, you might have to go to a real estate agent and talk to him to get you the best price but this, of course, will be after you have the required savings. All this is only possible if you keep tabs on the prices and location of your dream house area.
Open a savings account:
This is the best thing that you would ever do to yourself. During the early years of adulthood, everyone is reckless and spends money without thinking but if you set aside a certain percentage of your pays even from the earliest days of working and keep them in your savings account you will only feel bliss later on.
Opening a savings account in the name of your dream house can prove very beneficial in the future. You can add your savings, extra money and money from your investment into the savings account and before you can realize you would have enough money in your account to get yourself a house. Moreover, this savings account can be with you forever and can help you in planning your wedding, honeymoon etc.
Investing your money with someone or at some place that gives you a monthly or yearly return that you add to a savings account will help you save the money for your dream house. One of such investments is tower leases, which enables you to lease a cellular tower and get a monthly payment back. From $10 to $10000, your monthly income can be anything depending on the location where your leased tower is located and the terrain on which it is installed.
Cellular towers in busy areas can produce as much as $15,000 per month income. One thing that you should keep in mind while leasing a tower is that doing it on your own is probably not a good option since you don’t know how the market works and what are the costs of leasing a tower in the market.
There are various tower leasing consultants that have a vast experience of the industry and can get you the best deal in the best location. Just getting the ideal price is not the game, finding a tower in the perfect location and on the perfect terrain also matters.
Another thing that plays a significant role in determining whether the leasing will prove lucrative in the long run is its radius of impact. If the radius of impact is small, your income would be greatly affected.