It was only a generation ago that women needed a male sponsor in order to secure a property deal. Thankfully, times have changed, and more and more women can make their own decisions when it comes to applying for a mortgage.
There are many advantages to investing in a property that will not only allow females to make a prominent stamp on the property market but gives them the chance to make a name for themselves in the business world too.
It hasn’t been easy for women to get to the position they are in today, and so it’s important that as many women as possible secure lucrative deals, just as their male counterparts have been doing for years.
We’re going to explore three reasons why women should invest in property. Investors can explore the latest technology trends when it comes to working with property companies and developers. They can also use this type of investment as a way to reach financial independence and learn and utilise transferable skills when it comes to managing assets, closing deals and making a profit.
Explore technology trends
For those that choose to invest in property, they can get ahead of the game when it comes to using the latest technology in business—selecting the right business strategy, whether you’re self-employed or working for a large corporation. If you are familiar with the most up to date software and latest technology trends, you’ll be able to offer skills to enable a more substantial business approach. When it comes to marketing and exploring investment opportunities, you’ll need to be familiar with email, social media, video, and even drone footage, to name just some of the technological advances property companies and other businesses are currently using. These skills can then be transferred from your property portfolio to any aspect of your working life, keeping you well equipped for the future.
Reach financial independence
Many of us strive or financial freedom. What if we told you that by investing in property you could reach that goal much sooner than you might think. Women are realising that they can use property investment to increase their current income, and in some instances, even replace their existing job. There are many reasons why people look to create financial freedom for themselves; one of the main reasons might be to implement a healthy work-life balance.
Property investment can do just that. This market opens up choices for people who are looking for alternative ways to make passive income whilst also working flexible hours to cater for their family’s needs or lifestyle choices. The more experienced you become at property investment, the more money you will make to then start reaping the rewards from your investments. Through securing properties, you’ll also be able to leverage these assets for the future, either for a sizeable retirement fund or to pass onto your children.
Women have transferable skills
Women may not recognise that they already have the skills needed to invest in property. For example, most women fall into the category of being great organisers, crucial for successful investments, especially if you plan to secure a buy to let investment where you may manage a tenanted property alongside your current day job.
Other essential skills for investing in property include good communication and smart negotiation. You’ll want to receive the best possible deal on your investment to ensure a healthy return. Women are usually better at establishing relationships, and so this can be beneficial when looking for long-term tenants, you can trust to look after your property and pay their rent on time. When it comes to forging relationships, you will also need to work with property agents, solicitors, developers, and insurance companies.
If you’re interested in learning more about the property market, RWinvest has multiple guides, free for you to download from their website, so you can start building your portfolio today.