Is it really worthwhile investing all your money and buying a house?

Hi sumant, I am all for investing in land , property , house or apartment.In your case you can never be sure what happens in the future and no matter what you have a house of your own.As of now you may be living away from it, but it is still helping you out by providing an income. As for having put in all your savings, I feel that since you have more time to save, there is no worry and the property price will always appreciate. I feel that what you have done is wise and a good investment in the long run...

To put all your money in a house where you may or not live is not a wise decision. Liquid assets , [provided you are the controlling authority of your house, holds your pursestrings firmly and would not allow indiscriminate spending by wife or children just because money is in the bank or in liquid assets]are better to handle. Long term appreciation is possible from stock markets if you invest wisely on professional counselling, have the right attitude and is patient. If you use the word' enjoy' all the money that has gone into the house then it implies that the money is there to be spent.THen , it would not be there for a rainy day. In that case, this built asset may come in handy [in the event of a daughter's marriage or son's education]. On the other hand, money used prudently and kept carefully for emergencies , is better in other forms of liquid assets. Objectively speaking house should be bought for living purposes[if you are unable to handle the shifting hasslesand if you are to stay in one place throughout your career]. In your case , you have already done it. THere is no point thinking over what you have done already unless you want to sell it and are sure to reinvest it elsewhere for better returns..'Better returns' is the operative word.

I think you had done a good decision while investing for a house and lot area. A property especially land and house is a good investment. It is also good that you have it rented for others because you were not even around to live it and take care of it. One day the prices of lands and houses will soar up and you can sell it and buy another one and sell it again. It's like a buy and sell business. It's an exciting business if you just have to really approach it the way it should be.

Yes it really an asset investing on home. Its a life long asset for you and your generation.

Buying a piece of land at a cheaper rate in a smaller place, building a house there is good idea, you can sell that at a much higher price later if you like, but if you hear my advise never sell a house you built or got as paternal property.. Thanks for sharing. Welcome always. Cheers. Prof

Hi there! For me, its a good thing that you buy a house of your own and be able to rented it for someone else so it would contribute additional money for you. Money nowadays is so hard to work for but so easy to spend. Its better that you invest it for something like a house and lot than you spend your money for something that's not appreciating its value like gadgets or brand new car. As we all know, lot always appreciates its value when years pass by so its a good move for you. Have a nice day ahead!

It seems it is a good investment to buy a house today. As the house price is keeping crazy expensive day after day. It doesn't make a sense at all. I love China

well at least your making money of the house you invested all your money into. personally i wouldn't invest all my money into any one thing. its too risky.

most of people have no qulity skills of raising money,so they always treat buy a house is a good investment.sometimes,except the store at banking,that's the only way of investment.on the other hand, a house of they own always go on comfortable.so i think it is worth. tks!

...Hi there Sreesumant, What you have done is to make an investment in one of the best things you could invest in. Hopefully it didn't cost you too much to build even though you said you used all your savings. With time the appreciation will grow as you have already stated. But beyond that real estate is a tax shelter, you get a deduction on your income taxes, although I am assuming you are in the states, as I know nothing about other areas of the world. It may have been better for you to live in the property at least for a while rather than rent a place for yourself because in essence you have two house payments as you rent. But its an offset because the rent from your property should be paying some of your mortgage cost unless you were able to build the house mortgage free. Then you have a great investment property. The next home you purchase could be a duplex where you live in one part and rent out the other, letting the renter pay for the property and building equity. If you want to start a Donald Trump empire so to speak "o). Real estate is an excellent investment, try to hold the property as long as you can to get a better return on your investment. Take care.

For me, a house is a good investment. Its part of our primary needs. When I was young, my dad bought a house when I was already 6 years old because that was the only time when we got to have money to buy a house good for all of us. My husband's family invested on getting a house later because they focused more on educational plans and every thing like that. Bottom line is that, house it still an important and a primary investment.

Hi Sreesumant! Of course it's worth it. The value of a house would surely rise. In a few years time it is going to worth more than you bought it. That's where people start to think of selling it. But it's not that always easy because you have to think a new house to live in. Well, anyway it's worth investing your money into buying a house. If you have space to rent out a part of your house that would be a great idea. And it's also wise to save up on rainy days...

It is good also to buy houses as a way of investment... but it is more good if you buy farms. After few years, you will see that your money is being doubled

You should probably read this: http://www.mint.com/blog/goals/rent-vs-buy/ The belief that buying a house is a good investment is really outdated and, often, simply not true. "Houses are assets too, but it's a mistake to expect them to offer a regular rise in price. Houses pay hefty dividends to their owners in the form of living space - that's the real return on housing investment - and the basic economics of housing doesn't point to perpetual price growth."

If your work is in the city, it's ok to rent if you don't have a money to buy a house. But since you already bought a house in another place, try to maximize it's potential by getting tenants for the house. By doing this, you can leverage on the rental of your property vs. the rent in the place of your work. On your question about investing all your money in a house is not a good idea if this house would not generate you income. We need to know how to leverage time and money. You can use your cash for investments that can give you passive income.

I couldn't say you did the right thing or not. Buying a house could only be considered as an investment when it is earning money for you. A lot of people actually have a misconception of buying a house. They always thought that buying a house is an investment what they didn't know that it is not. In fact, it is a liability. Why? Because you are paying mortgages, maintenance, taxes etc. In your case, if you bought it for future use like selling it in the future for a bigger bucks then it is good. It's just like investing in a stock market, letting your money stay their for the time being until it will earn its value. Just cross your finger that real estate market there will always be good. Now if you bought it with a mortgage and you are also renting at the same time i think it's quite bad idea unless the rent can cover the mortgage. Now if you bought it cash and the rent there can cover for your expenses then that is a good investment.

it should have happened in the reverse.Building a house in the city and leaving it for rent and you,living in the outskirts of the city in a peaceful environment is what I would suggest.No problem,what you have done now is also good.The house you have bought in the outer can be a good place on your retirement.

I think if you buy a house you should live in it if you can , if not then renting it out is a good way as you can use the rent to pay off the mortgage. By owning a house it means that unlike so many people in the world you can actually say that you own some where not many people buy houses anymore they just rent.

I think instead of renting a house and live in it it is better you had not invested the money in the other house, you could have saved the money till you get a bigger sum and decide what you can do with it. Now since you have already purchased the house so maybe you can put a sign which says "for renting", you can get money from there too.

It worth it. You are having some income in return for having it rented. If you asks my opinion,i won't sell the house. I will keep it for rent,at least,for years your expenses will be returned to you,and still the house is yours. You can never tell,one day you will find yourself wanting to live in the house that you've built.