04 Mar Four Reasons Why Women Make Exceptional Real Estate Investors
According to a recent report by the Globe and Mail, over 75% of Canada’s newly self-employed workers are women. They are more educated than ever, and are rapidly rising to the top in many of the country’s largest corporations. They are proving that anything men can do, women can do better! Real estate is no exception. More and more women are acquiring financial stability and finding opportunities to build wealth as landlords, investors, and renovators.
Women have top-notch intuition.
There are no guarantees in real estate. There are trends and sales histories, predictions and strong opinions, but nevertheless, nothing is certain. If investing came with a guarantee, everyone would be doing it! A woman’s intuition is a powerful tool when it comes to choosing a property or planning a strategy. Women are also great at screening potential tenants and looking beyond the rental application.
Women take risks with thorough research.
It’s no secret that women are a little more conservative, compared to their male counterparts, when it comes to taking chances. But it doesn’t mean they don’t go out on a limb. Women just approach risks a little differently – they do their homework, establish the best/worst case scenario, and make sure they know what they are getting themselves into before putting their hard-earned money on the line.
Women can see the big picture and imagine the end result.
The word “potential” is used quite frequently in the real estate world. It could refer to the future value of a property in a hot neighbourhood or suggest that a run-down property has what it takes to become something spectacular. Women, of which many possess a stellar eye for design when it comes to renovating for profit, are visionaries and can often see past a home’s current condition.
Women are fabulous at multitasking.
Investing in real estate requires strengths in many areas – personal finances, interpersonal skills, and renovations, just to name a few. Women know how to handle multiple projects simultaneously and can ensure everything gets done efficiently. They have no problem approaching each project with an unwavering focus on the end result and delegating when there is too much work to be done.