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Is it safe to buy freehold property ?

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wardjayson65
Is it safe to buy freehold property ?

Hyll on holland -The best way to make money in real estate is to buy and flip properties, especially if you can renovate them. Holding a property for a relatively short period .Freehold is a type of property ownership, where a person or organisation has outright ownership, forever, of a property and the land on which it is built. Leasehold is a form of property ownership where a property is leased from a freeholder.Freehold properties are considered a safer mode of investment because the registration of freehold property is already done. Freehold properties are expected to rise in value in the long run.Cheaper properties: Leasehold properties tend to be cheaper than freehold properties. However, this is due to the risks involved. Less responsibility: The freeholder usually manages maintenance for the building and communal areas and arranges buildings insurance.The development authority of a particular area provides land development rights to developers and sells properties for a lease of 99 years. This means that anyone who purchases a residential or commercial property will own it only for a period of 99 years, after which the ownership is given back to the landowner.What happens when the leasehold expires? In England, mostly all residential flats are leasehold as well houses are freehold properties. When the leasehold expires, the property reverts to a freehold property, where it is under the ownership of the freeholder in addition to you no longer having the right to stay there.

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