RentVesting?
Rentvesting is a home-owning strategy where you rent a property to live in that's right for your lifestyle, while you own an investment property that's right for your budget.
Unlock the Property Market with Rentvesting: A Strategy for Younger Buyers
In recent years, Rentvesting has gained popularity as a strategic approach to help individuals, especially younger buyers, enter the property market. This strategy provides a viable solution for those who desire to live in their preferred location but may not have the immediate financial means to purchase a home there. Here's how it works:
Budget-Friendly Investment
Rentvesting allows you to purchase an investment property that aligns with your budget. Instead of trying to afford a home in your desired location, you can invest in a property that fits your financial capabilities. This investment property can potentially generate rental income and contribute to your long-term financial goals.
Lifestyle-Focused Renting
Simultaneously, you can continue renting a property that caters to your current lifestyle preferences. For example, if you aspire to live in the vibrant heart of inner- city Perth but find purchasing a house there financially challenging, rentvesting enables you to rent a property in that desirable location. This way, you can enjoy the lifestyle you desire without compromising on your immediate housing needs.
Balancing Priorities
Rentvesting allows you to strike a balance between entering the property market and maintaining your preferred lifestyle. By investing in an affordable property and renting in your desired location, you can secure a foothold in the property market while still enjoying the amenities and conveniences of your chosen neighborhood.